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 Dec, 2018 was 268,620 JPY/sq.m. The market value represents an increase of 50,184 JPY (+23.0%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents a decrease of 13 (-48.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.4 years old (a -0.2% decrease compared to the 18.5 years old of last year.). The average size of the real estate was 70.4 sq.m (a -4.5% decrease compared to the 73.7 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; 1 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 +33.3% compared to last year; a sq.m unit now costs 288,006 JPY/sq.m.

The top 1 stations has seen prices increase +33.3% (+71,926 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -31.9% (-71,324 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2017 and 7.4 min in 2018; -32.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 22.2% of total transactions in 2017 and 35.7% of total transactions in 2018)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 288,006 JPY/sq.m. The market value represents an increase of 71,926 JPY (+33.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 7 (-36.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Yokkaichi Apartment, the lowest market value along this railway was 152,308 JPY/sq.m. The market value represents a decrease of 71,324 JPY (-31.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) 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.)
Kuwana288,006 JPYsq.m
(16.671980074719872.5sq.m)
216,080 JPYsq.m
(19.94278807413376274.5sq.m)
214,430 JPYsq.m
(19.81284246575342375.0sq.m)
Tomida-287,059 JPYsq.m
(5.37945205479452180.0sq.m)
344,444 JPYsq.m
(7.5095890410958990.0sq.m)
Yokkaichi152,308 JPYsq.m
(28.01917808219178257.5sq.m)
223,632 JPYsq.m
(17.91506849315068570.0sq.m)
158,831 JPYsq.m
(25.6858447488584565.0sq.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

Kuwana288,006 JPY/sq.m (+33% compared with the previous year)

The average price of Kuwana Apartment was 288,006 JPY/sq.m. The market value represents an increase of 71,926 JPY (+33.3%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 7 (-36.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.7 years old (a -16.4% decrease compared to the 19.9 years old of last year.). The average size of the real estate was 72.5 sq.m (a -2.7% decrease compared to the 74.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 19.9 years old in 2017 and 16.7 years old in 2018; -16.4%)
  • A dramatic decrease in average distance from the station (representing 13.2 min in 2017 and 7.7 min in 2018; -41.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.5% of total transactions in 2017 and 41.7% of total transactions in 2018)

Yokkaichi152,308 JPY/sq.m (-32% compared with the previous year)

The average price of Yokkaichi Apartment was 152,308 JPY/sq.m. The market value represents a decrease of 71,324 JPY (-31.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.0 years old (a +56.4% increase compared to the 17.9 years old of last year.). The average size of the real estate was 57.5 sq.m (a -17.9% decrease compared to the 70.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.8 min in 2017 and 6.0 min in 2018; -11.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.9 years old in 2017 and 28.0 years old in 2018; +56.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 60.0% 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)