JR Kansai Main Line railway market report
- Type: Apartment
- Line: JR Kansai Main Line
Kuwana Kawano [19 stations] - Period: 2017 - FY
Jan, 2017 Dec, 2017
JR Kansai Main Line Apartment market overview
The average price of a sq.m Apartment of JR Kansai Main Line (Kuwana to Kawano), in Jan, 2017 to Dec, 2017 was 189,472 JPY/sq.m. The market value represents a decrease of 5,600 JPY (-2.9%) compared to 1 year ago and a transition to a slight market. 7 properties exchanged hands ( The market value represents a decrease of 9 (-56.2%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 18.0 years old (a -19.6% decrease compared to the 22.4 years old of last year.). The average size of the real estate was 72.1 sq.m (a -0.9% decrease compared to the 72.8 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 +96.8% compared to last year; a sq.m unit now costs 312,500 JPY/sq.m.
The top 1 stations has seen prices increase +96.8% (+153,669 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -10.2% (-20,675 JPY/sq.m).
Cause of price increases
- An decrease in average age of the building (representing 22.4 years old in 2016 and 18.0 years old in 2017; -19.6%)
- A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 18.8% of total transactions in 2016 and 28.6% of total transactions in 2017)
Causes of price decreases
- A some increase in transactions involving relatively old buildings under 40 years old (representing 64.3% of total transactions in 2016 and 66.7% of total transactions in 2017)
Breakdown of each segment
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
Apartment stations market overview
The average price of a sq.m Apartment of Yokkaichi, the highest market value along this railway was 312,500 JPY/sq.m. The market value represents an increase of 153,669 JPY (+96.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 182,761 JPY/sq.m. The market value represents a decrease of 20,675 JPY (-10.2%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 8 (-61.5%) compared to 1 year ago and a transition to a dramatic market.).
| JR Kansai Main Line | This year（2017） | 1 year ago | 2 years ago |
|---|---|---|---|
| Kuwana | 182,761 JPY (20.4Y/72.0sq.m) | 203,436 JPY (21.5Y/74.6sq.m) | 220,852 JPY (17.6Y/75.0sq.m) |
| Tomida | - | - | 53,750 JPY (31.0Y/80.0sq.m) |
| Yokkaichi | 312,500 JPY (4.5Y/80.0sq.m) | 158,831 JPY (25.7Y/65.0sq.m) | 223,076 JPY (22.4Y/57.5sq.m) |
| Kawano | 100,000 JPY (22.0Y/65.0sq.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
Yokkaichi 312,500 JPY/sq.m (+97% compared with the previous year)
The average price of a sq.m Apartment of Yokkaichi was 312,500 JPY/sq.m. The market value represents an increase of 153,669 JPY (+96.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 4.5 years old (a -82.5% decrease compared to the 25.7 years old of last year.). The average size of the real estate was 80.0 sq.m (a +23.1% increase compared to the 65.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 25.7 years old in 2016 and 4.5 years old in 2017; -82.5%)
- A dramatic decrease in average distance from the station (representing 10.3 min in 2016 and 4.0 min in 2017; -61.3%)
Kuwana 182,761 JPY/sq.m (-10% compared with the previous year)
The average price of a sq.m Apartment of Kuwana was 182,761 JPY/sq.m. The market value represents a decrease of 20,675 JPY (-10.2%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 8 (-61.5%) 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 -5.2% decrease compared to the 21.5 years old of last year.). The average size of the real estate was 72.0 sq.m (a -3.5% decrease compared to the 74.6 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average distance from the station (representing 10.8 min in 2016 and 14.0 min in 2017; +29.1%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 54.5% of total transactions in 2016 and 75.0% of total transactions in 2017)
Breakdown of each segment
Station: Segment: