JR Kansai Main Line railway market report
- Type: Apartment
- Line: JR Kansai Main Line
Kuwana Kawano [19 stations] - Period: 2019 - 1Q
Jan, 2019 Mar, 2019
JR Kansai Main Line Apartment market overview
The average price of JR Kansai Main Line (Kuwana to Kawano) Apartment, in Jan, 2019 to Mar, 2019 was 209,432 JPY/sq.m. The market value represents a decrease of 65,897 JPY (-23.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 29.0 years old (a +46.8% increase compared to the 19.8 years old of last year.). The average size of the real estate was 74.0 sq.m (a +18.4% increase compared to the 62.5 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.
1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. 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 +80.6% compared to last year; a sq.m unit now costs 275,000 JPY/sq.m.
The top 1 stations has seen prices increase +80.6% (+122,692 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -42.1% (-167,631 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average age of the building (representing 19.8 years old in 2018 and 29.0 years old in 2019; +46.8%)
- A dramatic increase in average distance from the station (representing 5.0 min in 2018 and 9.8 min in 2019; +96.0%)
- A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2018 and 100.0% of total transactions in 2019)
Apartment stations market overview
The average price of Yokkaichi Apartment, the highest market value along this railway was 275,000 JPY/sq.m. The market value represents an increase of 122,692 JPY (+80.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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 230,720 JPY/sq.m. The market value represents a decrease of 167,631 JPY (-42.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).
| JR Kansai Main Line | This year(2019) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kuwana | 230,720 JPYsq.m (26.34977168949771570.0sq.m) | 398,352 JPYsq.m (11.50684931506849367.5sq.m) | 185,470 JPYsq.m (22.6831050228310575.8sq.m) |
| Tomida | 80,000 JPYsq.m (35.0219178082191880.0sq.m) | - | 280,000 JPYsq.m (5.00273972602739775.0sq.m) |
| Yokkaichi | 275,000 JPYsq.m (31.01917808219178280.0sq.m) | 152,308 JPYsq.m (28.01917808219178257.5sq.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 275,000 JPY/sq.m (+81% compared with the previous year)
The average price of Yokkaichi Apartment was 275,000 JPY/sq.m. The market value represents an increase of 122,692 JPY (+80.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 31.0 years old (a +10.7% increase compared to the 28.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +39.1% increase compared to the 57.5 sq.m of last year.).
Cause of price increases
- A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 100.0% of total transactions in 2019)
Causes of price decreases
- An increase in average age of the building (representing 28.0 years old in 2018 and 31.0 years old in 2019; +10.7%)
- A dramatic increase in average distance from the station (representing 6.0 min in 2018 and 11.0 min in 2019; +83.3%)
Kuwana 230,720 JPY/sq.m (-42% compared with the previous year)
The average price of Kuwana Apartment was 230,720 JPY/sq.m. The market value represents a decrease of 167,631 JPY (-42.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 26.3 years old (a +129.0% increase compared to the 11.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a +3.7% increase compared to the 67.5 sq.m of last year.).
Causes of price decreases
- A dramatic increase in average age of the building (representing 11.5 years old in 2018 and 26.3 years old in 2019; +129.0%)
- A dramatic increase in average distance from the station (representing 4.0 min in 2018 and 11.0 min in 2019; +175.0%)
Breakdown of each segment
Station: Segment: