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, 2017 to Sep, 2017 was 247,378 JPY/sq.m. The market value represents a decrease of 17,437 JPY (-6.6%) compared to 1 year ago and a transition to a bear market. 6 properties exchanged hands ( The market value represents an increase of 3 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.1 years old (a +22.3% increase compared to the 13.2 years old of last year.). The average size of the real estate was 75.8 sq.m (a -14.2% decrease compared to the 88.3 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.

The top 1 stations has seen prices increase +4.2% (+9,353 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +4.2% (+9,353 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.2 years old in 2016 and 16.1 years old in 2017; +22.3%)
  • A dramatic increase in average distance from the station (representing 6.0 min in 2016 and 14.5 min in 2017; +141.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 40.0% of total transactions in 2017)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 234,353 JPY/sq.m. The market value represents an increase of 9,353 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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 234,353 JPY/sq.m. The market value represents an increase of 9,353 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) 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.)
Kuwana234,353 JPYsq.m
(19.01780821917808275.0sq.m)
225,000 JPYsq.m
(16.01506849315068687.5sq.m)
183,961 JPYsq.m
(21.26712328767123267.5sq.m)
Tomida-344,444 JPYsq.m
(7.5095890410958990.0sq.m)
-
Yokkaichi312,500 JPYsq.m
(4.50684931506849380.0sq.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

Kuwana234,353 JPY/sq.m (+4% compared with the previous year)

The average price of Kuwana Apartment was 234,353 JPY/sq.m. The market value represents an increase of 9,353 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.0 years old (a +18.7% increase compared to the 16.0 years old of last year.). The average size of the real estate was 75.0 sq.m (a -14.3% decrease compared to the 87.5 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 16.0 years old in 2016 and 19.0 years old in 2017; +18.7%)
  • A dramatic increase in average distance from the station (representing 8.5 min in 2016 and 16.6 min in 2017; +95.3%)

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)