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 Jul, 2016 to Sep, 2016 was 264,815 JPY/sq.m. The market value represents an increase of 80,853 JPY (+44.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.2 years old (a -38.0% decrease compared to the 21.3 years old of last year.). The average size of the real estate was 88.3 sq.m (a +30.9% increase compared to the 67.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old.

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 +22.3% compared to last year; a sq.m unit now costs 225,000 JPY/sq.m.

The top 1 stations has seen prices increase +22.3% (+41,039 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +22.3% (+41,039 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.3 years old in 2015 and 13.2 years old in 2016; -38.0%)
  • A dramatic decrease in average distance from the station (representing 10.5 min in 2015 and 6.0 min in 2016; -42.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 225,000 JPY/sq.m. The market value represents an increase of 41,039 JPY (+22.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-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 225,000 JPY/sq.m. The market value represents an increase of 41,039 JPY (+22.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-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.)
Kuwana225,000 JPYsq.m
(16.01506849315068687.5sq.m)
183,961 JPYsq.m
(21.26712328767123267.5sq.m)
180,103 JPYsq.m
(19.11616438356164275.0sq.m)
Tomida344,444 JPYsq.m
(7.5095890410958990.0sq.m)
--
Yokkaichi--163,333 JPYsq.m
(23.5205479452054860.0sq.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

Kuwana225,000 JPY/sq.m (+22% compared with the previous year)

The average price of Kuwana Apartment was 225,000 JPY/sq.m. The market value represents an increase of 41,039 JPY (+22.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.0 years old (a -24.7% decrease compared to the 21.3 years old of last year.). The average size of the real estate was 87.5 sq.m (a +29.6% increase compared to the 67.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.3 years old in 2015 and 16.0 years old in 2016; -24.7%)
  • An decrease in average distance from the station (representing 10.5 min in 2015 and 8.5 min in 2016; -19.0%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2015 and 50.0% 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)