JR Kansai Main Line railway market report

JR Kansai Main Line Apartment market overview

The average price of JR Kansai Main Line (Kuwana to Kawano) Apartment, in Jan, 2016 to Mar, 2016 was 184,421 JPY/sq.m. The market value represents a decrease of 20,228 JPY (-9.9%) compared to 1 year ago and a transition to a bear market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 23.0 years old (a +19.3% increase compared to the 19.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a -3.9% decrease compared to the 72.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Yokkaichi station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Kuwana station, where prices have decreased -20.5% compared to last year; a sq.m unit now costs 180,155 JPY/sq.m.

The top 1 stations has seen prices increase -12.9% (-31,868 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -20.5% (-46,373 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2015 and 25.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 19.3 years old in 2015 and 23.0 years old in 2016; +19.3%)
  • A dramatic increase in average distance from the station (representing 8.4 min in 2015 and 11.0 min in 2016; +30.5%)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 71.4% of total transactions in 2015 and 75.0% of total transactions in 2016)

Apartment stations market overview

The average price of Yokkaichi Apartment, the highest market value along this railway was 214,286 JPY/sq.m. The market value represents a decrease of 31,868 JPY (-12.9%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average price of Kuwana Apartment, the lowest market value along this railway was 180,155 JPY/sq.m. The market value represents a decrease of 46,373 JPY (-20.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

JR Kansai Main Line (Stations Apartment market overview)
JR Kansai Main LineThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana180,155 JPYsq.m
(23.445401174168370.0sq.m)
226,527 JPYsq.m
(16.2098630136986373.0sq.m)
165,905 JPYsq.m
(19.84611872146118573.3sq.m)
Tomida-53,750 JPYsq.m
(31.01917808219178280.0sq.m)
-
Yokkaichi214,286 JPYsq.m
(20.01369863013698670.0sq.m)
246,154 JPYsq.m
(23.01369863013698665.0sq.m)
-
Minamiyokkaichi---
Kawano---

*Average unit prices per sq.m of Apartment 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

Yokkaichi214,286 JPY/sq.m (-13% compared with the previous year)

The average price of Yokkaichi Apartment was 214,286 JPY/sq.m. The market value represents a decrease of 31,868 JPY (-12.9%) compared to 1 year ago and a transition to a weak market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 20.0 years old (a -13.0% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a +7.7% increase compared to the 65.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 23.0 years old in 2015 and 20.0 years old in 2016; -13.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 6.0 min in 2015 and 7.0 min in 2016; +16.7%)

Kuwana180,155 JPY/sq.m (-20% compared with the previous year)

The average price of Kuwana Apartment was 180,155 JPY/sq.m. The market value represents a decrease of 46,373 JPY (-20.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.4 years old (a +44.6% increase compared to the 16.2 years old of last year.). The average size of the real estate was 70.0 sq.m (a -4.1% decrease compared to the 73.0 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2015 and 28.6% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.2 years old in 2015 and 23.4 years old in 2016; +44.6%)
  • A dramatic increase in average distance from the station (representing 9.4 min in 2015 and 11.6 min in 2016; +23.1%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2015 and 71.4% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

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)