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, 2017 to Jun, 2017 was 207,067 JPY/sq.m. The market value represents a decrease of 54,430 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.4 years old (a +25.5% increase compared to the 16.3 years old of last year.). The average size of the real estate was 69.3 sq.m (a -7.6% decrease compared to the 75.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Yokkaichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yokkaichi station, where prices have increased +62.9% compared to last year; a sq.m unit now costs 201,415 JPY/sq.m.

The top 1 stations has seen prices increase +62.9% (+77,779 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -30.2% (-92,848 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2016 and 8.7 min in 2017; -20.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.3 years old in 2016 and 20.4 years old in 2017; +25.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2016 and 71.4% of total transactions in 2017)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 214,603 JPY/sq.m. The market value represents a decrease of 92,848 JPY (-30.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of Yokkaichi Apartment, the lowest market value along this railway was 201,415 JPY/sq.m. The market value represents an increase of 77,779 JPY (+62.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) 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(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana214,603 JPYsq.m
(19.26575342465753671.7sq.m)
307,451 JPYsq.m
(4.25479452054794681.7sq.m)
206,721 JPYsq.m
(17.76301369863013680.0sq.m)
Tomida---
Yokkaichi201,415 JPYsq.m
(21.26712328767123267.5sq.m)
123,636 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

Yokkaichi201,415 JPY/sq.m (+63% compared with the previous year)

The average price of Yokkaichi Apartment was 201,415 JPY/sq.m. The market value represents an increase of 77,779 JPY (+62.9%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.3 years old (a -24.8% decrease compared to the 28.3 years old of last year.). The average size of the real estate was 67.5 sq.m (a +22.7% increase compared to the 55.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 28.3 years old in 2016 and 21.3 years old in 2017; -24.8%)
  • A dramatic decrease in average distance from the station (representing 13.0 min in 2016 and 7.5 min in 2017; -42.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2016 and 75.0% of total transactions in 2017)

Kuwana214,603 JPY/sq.m (-30% compared with the previous year)

The average price of Kuwana Apartment was 214,603 JPY/sq.m. The market value represents a decrease of 92,848 JPY (-30.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 19.3 years old (a +352.8% increase compared to the 4.3 years old of last year.). The average size of the real estate was 71.7 sq.m (a -12.2% decrease compared to the 81.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.3 years old in 2016 and 19.3 years old in 2017; +352.8%)

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)