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, 2019 to Jun, 2019 was 173,205 JPY/sq.m. The market value represents an increase of 18,451 JPY (+11.9%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.5 years old (a +13.4% increase compared to the 24.3 years old of last year.). The average size of the real estate was 67.5 sq.m (a -6.2% decrease compared to the 72.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some decrease in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

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 5% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +6.2% compared to last year; a sq.m unit now costs 164,274 JPY/sq.m.

The top 1 stations has seen prices increase +6.2% (+9,519 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +6.2% (+9,519 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 11.6 min in 2018 and 9.8 min in 2019; -15.9%)
  • 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 24.3 years old in 2018 and 27.5 years old in 2019; +13.4%)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 164,274 JPY/sq.m. The market value represents an increase of 9,519 JPY (+6.2%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) 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 164,274 JPY/sq.m. The market value represents an increase of 9,519 JPY (+6.2%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) 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(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana164,274 JPYsq.m
(27.27031963470319670.0sq.m)
154,755 JPYsq.m
(24.26849315068493272.0sq.m)
214,603 JPYsq.m
(19.26575342465753671.7sq.m)
Tomida---
Yokkaichi200,000 JPYsq.m
(28.2712328767123360.0sq.m)
-201,415 JPYsq.m
(21.26712328767123267.5sq.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

Kuwana164,274 JPY/sq.m (+6% compared with the previous year)

The average price of Kuwana Apartment was 164,274 JPY/sq.m. The market value represents an increase of 9,519 JPY (+6.2%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.3 years old (a +12.4% increase compared to the 24.3 years old of last year.). The average size of the real estate was 70.0 sq.m (a -2.8% decrease compared to the 72.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.6 min in 2018 and 9.0 min in 2019; -22.4%)
  • 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 24.3 years old in 2018 and 27.3 years old in 2019; +12.4%)

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)