Osaka-Shi Konohana-Ku Apartment market overview [Show ]

The average price of a sq.m Apartment of Osaka-Shi Konohana-Ku, in 2017 was 254,289 JPY/sq.m. The market value represents a decrease of 28,231 JPY (-10.0%) compared to 1 year ago and a transition to a bear market. 7 properties exchanged hands ( The market value represents a decrease of 9 (-56.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.1 years old (a +20.7% increase compared to the 19.1 years old of last year.). The average size of the real estate was 61.4 sq.m (a -1.2% decrease compared to the 62.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.2% of total transactions in 2016 and 14.3% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 43.8% of total transactions in 2016 and 28.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.1 years old in 2016 and 23.1 years old in 2017; +20.7%)
  • An increase in average distance from the station (representing 7.1 min in 2016 and 7.9 min in 2017; +10.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.2% of total transactions in 2016 and 28.6% of total transactions in 2017)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 56.2% of total transactions in 2016 and 28.6% of total transactions in 2017)

The highest Apartment market value is 四貫島 at 444,505 JPY/sq.m. On the other hand, those with the lowest market value is 酉島 at 158,333 JPY/sq.m.

In accordance with the aging of buildings, the area whose values were most likely to decline was the 四貫島 at -56.1% (The rate of decline after 30 years). On the other hand, market values along the 高見 was the most resistant to decline at -23.2% (The same rate).

Data regarding the market value and its changes of Apartment in Konohana-Ku were calculated using data on the sales of 307 properties provided by the MLIT Japan.

Value:

Unit:

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Market value

AreaAverage Trading PriceAverage Unit Price
伝法 [Land utilization ]13,863,429 JPY235,006 JPY/sq.m
島屋 [Land utilization ]22,153,846 JPY309,635 JPY/sq.m
西九条 [Land utilization ]19,454,546 JPY386,188 JPY/sq.m
酉島 [Land utilization ]10,646,939 JPY160,147 JPY/sq.m
高見 [Land utilization ]11,413,514 JPY182,078 JPY/sq.m
四貫島 [Land utilization ]29,333,333 JPY440,897 JPY/sq.m
春日出南 [Land utilization ]18,287,500 JPY275,618 JPY/sq.m
春日出中 [Land utilization ]12,250,000 JPY190,833 JPY/sq.m

Area

Osaka-Shi Konohana-Ku (307)

伝法 (70)

島屋 (58)

西九条 (55)

酉島 (49)

高見 (37)

四貫島 (24)

春日出南 (8)

春日出中 (4)