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 Apr, 2016 to Jun, 2016 was 261,497 JPY/sq.m. The market value represents an increase of 54,776 JPY (+26.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.3 years old (a -8.4% decrease compared to the 17.8 years old of last year.). The average size of the real estate was 75.0 sq.m (a -6.2% decrease compared to the 80.0 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kuwana station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +48.7% compared to last year; a sq.m unit now costs 307,451 JPY/sq.m.

The top 1 stations has seen prices increase +48.7% (+100,730 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +48.7% (+100,730 JPY/sq.m).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 9.5 min in 2015 and 11.0 min in 2016; +15.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 25.0% of total transactions in 2016)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 307,451 JPY/sq.m. The market value represents an increase of 100,730 JPY (+48.7%) 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 price of Kuwana Apartment, the lowest market value along this railway was 307,451 JPY/sq.m. The market value represents an increase of 100,730 JPY (+48.7%) 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.).

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.)
Kuwana307,451 JPYsq.m
(4.25479452054794681.7sq.m)
206,721 JPYsq.m
(17.76301369863013680.0sq.m)
265,745 JPYsq.m
(15.9287671232876780.0sq.m)
Tomida---
Yokkaichi123,636 JPYsq.m
(28.2712328767123355.0sq.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

Kuwana307,451 JPY/sq.m (+49% compared with the previous year)

The average price of Kuwana Apartment was 307,451 JPY/sq.m. The market value represents an increase of 100,730 JPY (+48.7%) 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 age of the real estate was 4.3 years old (a -76.0% decrease compared to the 17.8 years old of last year.). The average size of the real estate was 81.7 sq.m (a +2.1% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.8 years old in 2015 and 4.3 years old in 2016; -76.0%)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 33.3% 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)