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 JR Kansai Main Line (Kuwana to Kawano) Apartment, in Jan, 2017 to Dec, 2017 was 218,437 JPY/sq.m. The market value represents an increase of 5,678 JPY (+2.7%) compared to 1 year ago and a transition to a slight market. 27 properties exchanged hands ( The market value represents an increase of 5 (+22.7%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 18.5 years old (a -8.1% decrease compared to the 20.1 years old of last year.). The average size of the real estate was 73.7 sq.m (a -0.8% decrease compared to the 74.3 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old.
2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. 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 +40.8% compared to last year; a sq.m unit now costs 223,632 JPY/sq.m.
The top 1 stations has seen prices increase +40.8% (+64,801 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.7% (-57,385 JPY/sq.m).
Cause of price increases
- A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 5.0% of total transactions in 2016 and 16.0% of total transactions in 2017)
Causes of price decreases
- A some increase in transactions involving relatively old buildings under 40 years old (representing 55.0% of total transactions in 2016 and 60.0% of total transactions in 2017)
Apartment stations market overview
The average price of Tomida Apartment, the highest market value along this railway was 287,059 JPY/sq.m. The market value represents a decrease of 57,385 JPY (-16.7%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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 216,080 JPY/sq.m. The market value represents an increase of 1,649 JPY (+0.8%) compared to 1 year ago and a transition to a slight market. 19 properties exchanged hands ( The market value represents an increase of 1 (+5.6%) compared to 1 year ago and a transition to a strong market.).
| JR Kansai Main Line | This year(2017) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kuwana | 216,080 JPYsq.m (19.94278807413376274.5sq.m) | 214,430 JPYsq.m (19.81284246575342375.0sq.m) | 213,994 JPYsq.m (17.24320337197049574.6sq.m) |
| Tomida | 287,059 JPYsq.m (5.37945205479452180.0sq.m) | 344,444 JPYsq.m (7.5095890410958990.0sq.m) | 53,750 JPYsq.m (31.01917808219178280.0sq.m) |
| Yokkaichi | 223,632 JPYsq.m (17.91506849315068570.0sq.m) | 158,831 JPYsq.m (25.6858447488584565.0sq.m) | 223,077 JPYsq.m (22.3904109589041157.5sq.m) |
| Minamiyokkaichi | - | - | - |
| Kawano | 100,000 JPYsq.m (22.01643835616438265.0sq.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 223,632 JPY/sq.m (+41% compared with the previous year)
The average price of Yokkaichi Apartment was 223,632 JPY/sq.m. The market value represents an increase of 64,801 JPY (+40.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.9 years old (a -30.3% decrease compared to the 25.7 years old of last year.). The average size of the real estate was 70.0 sq.m (a +7.7% 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 17.9 years old in 2017; -30.3%)
- A dramatic decrease in average distance from the station (representing 10.3 min in 2016 and 6.8 min in 2017; -34.2%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2016 and 60.0% of total transactions in 2017)
Tomida 287,059 JPY/sq.m (-17% compared with the previous year)
The average price of Tomida Apartment was 287,059 JPY/sq.m. The market value represents a decrease of 57,385 JPY (-16.7%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 5.4 years old (a -28.4% decrease compared to the 7.5 years old of last year.). The average size of the real estate was 80.0 sq.m (a -11.1% decrease compared to the 90.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 7.5 years old in 2016 and 5.4 years old in 2017; -28.4%)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 1.0 min in 2016 and 3.5 min in 2017; +250.0%)
Breakdown of each segment
Station: Segment:
