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, 2017 to Mar, 2017 was 186,603 JPY/sq.m. The market value represents an increase of 2,182 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 20.4 years old (a -11.4% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 74.4 sq.m (a +6.2% increase compared to the 70.0 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.

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +3.0% (+5,316 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +3.0% (+5,316 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 23.0 years old in 2016 and 20.4 years old in 2017; -11.4%)
  • A dramatic decrease in average distance from the station (representing 11.0 min in 2016 and 8.8 min in 2017; -20.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2016 and 37.5% of total transactions in 2017)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 185,470 JPY/sq.m. The market value represents an increase of 5,316 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average price of Kuwana Apartment, the lowest market value along this railway was 185,470 JPY/sq.m. The market value represents an increase of 5,316 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

JR Kansai Main Line (Stations Apartment market overview)
JR Kansai Main LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana185,470 JPYsq.m
(22.6831050228310575.8sq.m)
180,155 JPYsq.m
(23.445401174168370.0sq.m)
226,527 JPYsq.m
(16.2098630136986373.0sq.m)
Tomida280,000 JPYsq.m
(5.00273972602739775.0sq.m)
-53,750 JPYsq.m
(31.01917808219178280.0sq.m)
Yokkaichi-214,286 JPYsq.m
(20.01369863013698670.0sq.m)
246,154 JPYsq.m
(23.01369863013698665.0sq.m)
Minamiyokkaichi---
Kawano100,000 JPYsq.m
(22.01643835616438265.0sq.m)
--

*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

Kuwana185,470 JPY/sq.m (+3% compared with the previous year)

The average price of Kuwana Apartment was 185,470 JPY/sq.m. The market value represents an increase of 5,316 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 22.7 years old (a -3.3% decrease compared to the 23.4 years old of last year.). The average size of the real estate was 75.8 sq.m (a +8.3% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.6 min in 2016 and 10.3 min in 2017; -10.7%)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 71.4% of total transactions in 2016 and 83.3% of total transactions in 2017)

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)