Sanyo Shinkansen railway market report

Sanyo Shinkansen Land market overview

The average price of a sq.m Land of Sanyo Shinkansen (Shin-Kobe to Aioi), in Jan, 2017 to Mar, 2017 was 103,682 JPY/sq.m. The market value represents an increase of 32,997 JPY (+46.7%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 22 (-59.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 322.3 sq.m (a -18.0% decrease compared to the 393.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices. Nishi-Akashi, Himeji, Aioi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Himeji station, where prices have increased +72.6% compared to last year; a sq.m unit now costs 124,723 JPY/sq.m.

The top 1 stations has seen prices increase +72.6% (+52,446 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +40.8% (+11,444 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 31.6 min in 2016 and 25.4 min in 2017; -19.5%)

Breakdown of each segment

The table below shows Land dealt in Sanyo Shinkansen, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Nishi-Akashi, the highest market value along this railway was 133,166 JPY/sq.m. The market value represents an increase of 42,786 JPY (+47.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Aioi, the lowest market value along this railway was 39,487 JPY/sq.m. The market value represents an increase of 11,444 JPY (+40.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

Sanyo Shinkansen (Stations Land market overview)
Sanyo ShinkansenThis year(2017)1 year ago2 years ago
Shin-Kobe-57,142 JPY (0.0Y/35.0sq.m)310,752 JPY (0.0Y/137.5sq.m)
Nishi-Akashi133,166 JPY (0.0Y/193.3sq.m)90,381 JPY (0.0Y/270.0sq.m)89,346 JPY (0.0Y/180.0sq.m)
Himeji124,723 JPY (0.0Y/396.9sq.m)72,277 JPY (0.0Y/390.4sq.m)83,883 JPY (0.0Y/328.3sq.m)
Aioi39,487 JPY (0.0Y/270.0sq.m)28,043 JPY (0.0Y/655.0sq.m)47,034 JPY (0.0Y/467.5sq.m)

*Average unit prices per sq.m of Land at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

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Noteworthy stations

Himeji124,723 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Land of Himeji was 124,723 JPY/sq.m. The market value represents an increase of 52,446 JPY (+72.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 19 (-70.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 396.9 sq.m (a +1.7% increase compared to the 390.4 sq.m of last year.).

Aioi39,487 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Aioi was 39,487 JPY/sq.m. The market value represents an increase of 11,444 JPY (+40.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 270.0 sq.m (a -58.8% decrease compared to the 655.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 42.2 min in 2016 and 19.8 min in 2017; -53.3%)

Breakdown of each segment

Station:   Segment:

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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)