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, 2019 to Dec, 2019 was 275,101 JPY/sq.m. The market value represents a decrease of 102,018 JPY (-27.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 5 (+100.0%) 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 +88.2% increase compared to the 9.8 years old of last year.). The average size of the real estate was 73.5 sq.m (a -2.0% decrease compared to the 75.0 sq.m of last year.).

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

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 -25.2% (-94,909 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -25.2% (-94,909 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.8 years old in 2018 and 18.4 years old in 2019; +88.2%)
  • A dramatic increase in average distance from the station (representing 5.2 min in 2018 and 9.4 min in 2019; +80.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 60.0% of total transactions in 2018 and 30.0% of total transactions in 2019)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 282,210 JPY/sq.m. The market value represents a decrease of 94,909 JPY (-25.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) 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 282,210 JPY/sq.m. The market value represents a decrease of 94,909 JPY (-25.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase 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(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana282,210 JPYsq.m
(18.63938356164383676.2sq.m)
377,119 JPYsq.m
(9.75890410958904175.0sq.m)
235,423 JPYsq.m
(17.26506849315068674.0sq.m)
Tomida173,333 JPYsq.m
(22.76712328767123275.0sq.m)
-294,118 JPYsq.m
(5.75616438356164485.0sq.m)
Yokkaichi320,000 JPYsq.m
(11.75890410958904150.0sq.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

Kuwana282,210 JPY/sq.m (-25% compared with the previous year)

The average price of Kuwana Apartment was 282,210 JPY/sq.m. The market value represents a decrease of 94,909 JPY (-25.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.6 years old (a +91.0% increase compared to the 9.8 years old of last year.). The average size of the real estate was 76.2 sq.m (a +1.7% increase compared to the 75.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.8 years old in 2018 and 18.6 years old in 2019; +91.0%)
  • A dramatic increase in average distance from the station (representing 5.2 min in 2018 and 10.1 min in 2019; +94.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 60.0% of total transactions in 2018 and 25.0% of total transactions in 2019)

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)