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 Oct, 2017 to Dec, 2017 was 245,206 JPY/sq.m. The market value represents an increase of 50,222 JPY (+25.8%) compared to 1 year ago and a transition to a dramatic 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 15.0 years old (a -27.9% decrease compared to the 20.8 years old of last year.). The average size of the real estate was 75.8 sq.m (a +4.1% increase compared to the 72.9 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. Kuwana station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +15.2% compared to last year; a sq.m unit now costs 235,423 JPY/sq.m.

The top 1 stations has seen prices increase +15.2% (+31,038 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +15.2% (+31,038 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.8 years old in 2016 and 15.0 years old in 2017; -27.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2016 and 33.3% of total transactions in 2017)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 235,423 JPY/sq.m. The market value represents an increase of 31,038 JPY (+15.2%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) 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 235,423 JPY/sq.m. The market value represents an increase of 31,038 JPY (+15.2%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) 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.)
Kuwana235,423 JPYsq.m
(17.26506849315068674.0sq.m)
204,385 JPYsq.m
(19.433789954337973.3sq.m)
250,000 JPYsq.m
(11.25890410958904187.5sq.m)
Tomida294,118 JPYsq.m
(5.75616438356164485.0sq.m)
--
Yokkaichi-138,571 JPYsq.m
(28.7726027397260370.0sq.m)
200,000 JPYsq.m
(21.76712328767123250.0sq.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

Kuwana235,423 JPY/sq.m (+15% compared with the previous year)

The average price of Kuwana Apartment was 235,423 JPY/sq.m. The market value represents an increase of 31,038 JPY (+15.2%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 17.3 years old (a -11.2% decrease compared to the 19.4 years old of last year.). The average size of the real estate was 74.0 sq.m (a +0.9% increase compared to the 73.3 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 19.4 years old in 2016 and 17.3 years old in 2017; -11.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 50.0% 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)