Hankyu Kyoto Main Line railway market report
- Type: Land
- Line: Hankyu Kyoto Main Line
Ooyamazaki Kawaramachi [12 stations] - Period: 2015 - 2Q
Apr, 2015 Jun, 2015
Hankyu Kyoto Main Line Land market overview
The average price of a sq.m Land of Hankyu Kyoto Main Line (Ooyamazaki to Kawaramachi), in Apr, 2015 to Jun, 2015 was 294,406 JPY/sq.m. The market value represents an increase of 39,163 JPY (+15.3%) compared to 1 year ago and a transition to a bull market. 13 properties exchanged hands ( The market value represents a decrease of 6 (-31.6%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 397.3 sq.m (a +83.2% increase compared to the 216.8 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.
2 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Saiinn station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Saiinn station, where prices have increased +16.8% compared to last year; a sq.m unit now costs 500,000 JPY/sq.m.
The top 2 stations has seen prices increase +10.0% (+37,891 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -60.0% (-160,717 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 11.2 min in 2014 and 14.5 min in 2015; +29.6%)
- A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 21.1% of total transactions in 2014 and 15.4% of total transactions in 2015)
Breakdown of each segment
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
Land stations market overview
The average price of a sq.m Land of Kawaramachi, the highest market value along this railway was 685,714 JPY/sq.m. The market value represents a decrease of 19,549 JPY (-2.8%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands (It was the same as last year.).
The average price of a sq.m Land of Katsura, the lowest market value along this railway was 55,000 JPY/sq.m. The market value represents a decrease of 238,042 JPY (-81.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).
| Hankyu Kyoto Main Line | This year（2015） | 1 year ago | 2 years ago |
|---|---|---|---|
| Ooyamazaki | - | - | 146,190 JPY (0.0Y/152.5sq.m) |
| Nishiyama-Tennozan | 117,451 JPY (0.0Y/505.0sq.m) | - | - |
| Nagaokatennjinn | 131,626 JPY (0.0Y/326.7sq.m) | 215,018 JPY (0.0Y/170.0sq.m) | 143,601 JPY (0.0Y/133.3sq.m) |
| Nishimukou | 130,000 JPY (0.0Y/1000.0sq.m) | 126,014 JPY (0.0Y/590.0sq.m) | 86,928 JPY (0.0Y/215.0sq.m) |
| Higashimukou | 150,000 JPY (0.0Y/620.0sq.m) | 153,304 JPY (0.0Y/230.0sq.m) | 131,178 JPY (0.0Y/417.5sq.m) |
| Rakusaiguchi | 173,684 JPY (0.0Y/190.0sq.m) | 263,636 JPY (0.0Y/110.0sq.m) | 150,670 JPY (0.0Y/580.0sq.m) |
| Katsura | 55,000 JPY (0.0Y/400.0sq.m) | 293,042 JPY (0.0Y/105.0sq.m) | 193,992 JPY (0.0Y/265.0sq.m) |
| Nishikyougoku | 285,714 JPY (0.0Y/560.0sq.m) | 304,761 JPY (0.0Y/105.0sq.m) | 205,866 JPY (0.0Y/233.0sq.m) |
| Saiinn | 500,000 JPY (0.0Y/220.0sq.m) | 428,204 JPY (0.0Y/110.0sq.m) | 224,305 JPY (0.0Y/341.2sq.m) |
| Oomiya | - | 209,569 JPY (0.0Y/122.5sq.m) | 526,666 JPY (0.0Y/1500.0sq.m) |
| Karasuma | 1,217,391 JPY (0.0Y/115.0sq.m) | - | - |
| Kawaramachi | 685,714 JPY (0.0Y/70.0sq.m) | 705,263 JPY (0.0Y/95.0sq.m) | 1,218,750 JPY (0.0Y/320.0sq.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.
Noteworthy stations
Saiinn 500,000 JPY/sq.m (+17% compared with the previous year)
The average price of a sq.m Land of Saiinn was 500,000 JPY/sq.m. The market value represents an increase of 71,796 JPY (+16.8%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 220.0 sq.m (a +100.0% increase compared to the 110.0 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 4.0 min in 2014 and 6.0 min in 2015; +50.0%)
Nishimukou 130,000 JPY/sq.m (+3% compared with the previous year)
The average price of a sq.m Land of Nishimukou was 130,000 JPY/sq.m. The market value represents an increase of 3,986 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 1000.0 sq.m (a +69.5% increase compared to the 590.0 sq.m of last year.).
Katsura 55,000 JPY/sq.m (-81% compared with the previous year)
The average price of a sq.m Land of Katsura was 55,000 JPY/sq.m. The market value represents a decrease of 238,042 JPY (-81.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 400.0 sq.m (a +281.0% increase compared to the 105.0 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 12.0 min in 2014 and 30.0 min in 2015; +150.0%)
Nagaokatennjinn 131,626 JPY/sq.m (-39% compared with the previous year)
The average price of a sq.m Land of Nagaokatennjinn was 131,626 JPY/sq.m. The market value represents a decrease of 83,392 JPY (-38.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 326.7 sq.m (a +92.2% increase compared to the 170.0 sq.m of last year.).
Breakdown of each segment
Station: Segment: