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 Jan, 2018 to Mar, 2018 was 275,330 JPY/sq.m. The market value represents an increase of 88,727 JPY (+47.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.8 years old (a -3.1% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 62.5 sq.m (a -16.0% decrease compared to the 74.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

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 +114.8% (+212,881 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +114.8% (+212,881 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.8 min in 2017 and 5.0 min in 2018; -42.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2017 and 50.0% of total transactions in 2018)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 398,352 JPY/sq.m. The market value represents an increase of 212,881 JPY (+114.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) 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 398,352 JPY/sq.m. The market value represents an increase of 212,881 JPY (+114.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) 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(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana398,352 JPYsq.m
(11.50684931506849367.5sq.m)
185,470 JPYsq.m
(22.6831050228310575.8sq.m)
180,155 JPYsq.m
(23.445401174168370.0sq.m)
Tomida-280,000 JPYsq.m
(5.00273972602739775.0sq.m)
-
Yokkaichi152,308 JPYsq.m
(28.01917808219178257.5sq.m)
-214,286 JPYsq.m
(20.01369863013698670.0sq.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

Kuwana398,352 JPY/sq.m (+115% compared with the previous year)

The average price of Kuwana Apartment was 398,352 JPY/sq.m. The market value represents an increase of 212,881 JPY (+114.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -49.3% decrease compared to the 22.7 years old of last year.). The average size of the real estate was 67.5 sq.m (a -11.0% decrease compared to the 75.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.7 years old in 2017 and 11.5 years old in 2018; -49.3%)
  • A dramatic decrease in average distance from the station (representing 10.3 min in 2017 and 4.0 min in 2018; -61.3%)
  • 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 2017 and 100.0% of total transactions in 2018)

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)