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, 2018 to Dec, 2018 was 377,119 JPY/sq.m. The market value represents an increase of 131,914 JPY (+53.8%) compared to 1 year ago and a transition to a dramatic 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 9.8 years old (a -34.8% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 75.0 sq.m (a -1.1% decrease compared to the 75.8 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. Kuwana station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +60.2% compared to last year; a sq.m unit now costs 377,119 JPY/sq.m.

The top 1 stations has seen prices increase +60.2% (+141,696 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +60.2% (+141,696 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 15.0 years old in 2017 and 9.8 years old in 2018; -34.8%)
  • A dramatic decrease in average distance from the station (representing 13.0 min in 2017 and 5.2 min in 2018; -60.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2017 and 60.0% of total transactions in 2018)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 377,119 JPY/sq.m. The market value represents an increase of 141,696 JPY (+60.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average price of Kuwana Apartment, the lowest market value along this railway was 377,119 JPY/sq.m. The market value represents an increase of 141,696 JPY (+60.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

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.)
Kuwana377,119 JPYsq.m
(9.75890410958904175.0sq.m)
235,423 JPYsq.m
(17.26506849315068674.0sq.m)
204,385 JPYsq.m
(19.433789954337973.3sq.m)
Tomida-294,118 JPYsq.m
(5.75616438356164485.0sq.m)
-
Yokkaichi--138,571 JPYsq.m
(28.7726027397260370.0sq.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

Kuwana377,119 JPY/sq.m (+60% compared with the previous year)

The average price of Kuwana Apartment was 377,119 JPY/sq.m. The market value represents an increase of 141,696 JPY (+60.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 9.8 years old (a -43.5% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 75.0 sq.m (a +1.4% increase compared to the 74.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.3 years old in 2017 and 9.8 years old in 2018; -43.5%)
  • A dramatic decrease in average distance from the station (representing 14.8 min in 2017 and 5.2 min in 2018; -64.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2017 and 60.0% 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)