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 Apr, 2018 to Jun, 2018 was 154,755 JPY/sq.m. The market value represents a decrease of 52,313 JPY (-25.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.3 years old (a +18.9% increase compared to the 20.4 years old of last year.). The average size of the real estate was 72.0 sq.m (a +3.9% increase compared to the 69.3 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 -27.9% (-59,849 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -27.9% (-59,849 JPY/sq.m).

Causes of price decreases

  • An increase in average age of the building (representing 20.4 years old in 2017 and 24.3 years old in 2018; +18.9%)
  • A dramatic increase in average distance from the station (representing 8.7 min in 2017 and 11.6 min in 2018; +33.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 71.4% of total transactions in 2017 and 100.0% of total transactions in 2018)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 154,755 JPY/sq.m. The market value represents a decrease of 59,849 JPY (-27.9%) 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 price of Kuwana Apartment, the lowest market value along this railway was 154,755 JPY/sq.m. The market value represents a decrease of 59,849 JPY (-27.9%) 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.).

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.)
Kuwana154,755 JPYsq.m
(24.26849315068493272.0sq.m)
214,603 JPYsq.m
(19.26575342465753671.7sq.m)
307,451 JPYsq.m
(4.25479452054794681.7sq.m)
Tomida---
Yokkaichi-201,415 JPYsq.m
(21.26712328767123267.5sq.m)
123,636 JPYsq.m
(28.2712328767123355.0sq.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

Kuwana154,755 JPY/sq.m (-28% compared with the previous year)

The average price of Kuwana Apartment was 154,755 JPY/sq.m. The market value represents a decrease of 59,849 JPY (-27.9%) 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 24.3 years old (a +26.0% increase compared to the 19.3 years old of last year.). The average size of the real estate was 72.0 sq.m (a +0.5% increase compared to the 71.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.3 years old in 2017 and 24.3 years old in 2018; +26.0%)
  • An increase in average distance from the station (representing 10.3 min in 2017 and 11.6 min in 2018; +12.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 66.7% 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)