JR Kansai Main Line railway market report

JR Kansai Main Line Apartment market overview

The average price of a sq.m Apartment of JR Kansai Main Line (Kuwana to Kawano), in Oct, 2017 to Dec, 2017 was 120,714 JPY/sq.m. The market value represents a decrease of 50,929 JPY (-29.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.8 years old (a +16.4% increase compared to the 23.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a -5.4% decrease compared to the 74.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -32.9% (-59,197 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -32.9% (-59,197 JPY/sq.m).

Causes of price decreases

  • An increase in average age of the building (representing 23.0 years old in 2016 and 26.8 years old in 2017; +16.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Breakdown of each segment

The table below shows Apartment dealt in JR Kansai Main Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Apartment stations market overview

The average price of a sq.m Apartment of Kuwana, the highest market value along this railway was 120,714 JPY/sq.m. The market value represents a decrease of 59,197 JPY (-32.9%) 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 a sq.m Apartment of Kuwana, the lowest market value along this railway was 120,714 JPY/sq.m. The market value represents a decrease of 59,197 JPY (-32.9%) 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(2017)1 year ago2 years ago
Kuwana120,714 JPY (26.8Y/70.0sq.m)179,910 JPY (21.6Y/75.0sq.m)250,000 JPY (11.3Y/87.5sq.m)
Tomida---
Yokkaichi-138,571 JPY (28.8Y/70.0sq.m)200,000 JPY (21.8Y/50.0sq.m)
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.

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Noteworthy stations

Kuwana120,714 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Apartment of Kuwana was 120,714 JPY/sq.m. The market value represents a decrease of 59,197 JPY (-32.9%) 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 26.8 years old (a +24.2% increase compared to the 21.6 years old of last year.). The average size of the real estate was 70.0 sq.m (a -6.7% decrease compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.6 years old in 2016 and 26.8 years old in 2017; +24.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Breakdown of each segment

Station:   Segment:

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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)