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, 2019 to Dec, 2019 was 245,415 JPY/sq.m. The market value represents a decrease of 23,205 JPY (-8.6%) compared to 1 year ago and a transition to a bear market. 30 properties exchanged hands ( The market value represents an increase of 16 (+114.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.7 years old (a +23.2% increase compared to the 18.4 years old of last year.). The average size of the real estate was 72.8 sq.m (a +3.5% increase compared to the 70.4 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 +82.1% compared to last year; a sq.m unit now costs 277,322 JPY/sq.m.

The top 1 stations has seen prices increase +82.1% (+125,014 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -13.1% (-37,862 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.4 years old in 2018 and 22.7 years old in 2019; +23.2%)
  • An increase in average distance from the station (representing 7.4 min in 2018 and 8.8 min in 2019; +18.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 53.8% of total transactions in 2018 and 73.3% of total transactions in 2019)

Apartment stations market overview

The average price of Yokkaichi Apartment, the highest market value along this railway was 277,322 JPY/sq.m. The market value represents an increase of 125,014 JPY (+82.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) 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 250,144 JPY/sq.m. The market value represents a decrease of 37,862 JPY (-13.1%) compared to 1 year ago and a transition to a weak market. 22 properties exchanged hands ( The market value represents an increase of 10 (+83.3%) 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.)
Kuwana250,144 JPYsq.m
(22.27808219178082273.4sq.m)
288,006 JPYsq.m
(16.671980074719872.5sq.m)
216,080 JPYsq.m
(19.94278807413376274.5sq.m)
Tomida200,000 JPYsq.m
(21.76529680365296676.7sq.m)
-287,059 JPYsq.m
(5.37945205479452180.0sq.m)
Yokkaichi277,322 JPYsq.m
(23.6417808219178165.0sq.m)
152,308 JPYsq.m
(28.01917808219178257.5sq.m)
223,632 JPYsq.m
(17.91506849315068570.0sq.m)
Minamiyokkaichi150,000 JPYsq.m
(30.52328767123287580.0sq.m)
--
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

Yokkaichi277,322 JPY/sq.m (+82% compared with the previous year)

The average price of Yokkaichi Apartment was 277,322 JPY/sq.m. The market value represents an increase of 125,014 JPY (+82.1%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.6 years old (a -15.6% decrease compared to the 28.0 years old of last year.). The average size of the real estate was 65.0 sq.m (a +13.0% increase compared to the 57.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 28.0 years old in 2018 and 23.6 years old in 2019; -15.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2018 and 75.0% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2018 and 9.5 min in 2019; +58.3%)

Kuwana250,144 JPY/sq.m (-13% compared with the previous year)

The average price of Kuwana Apartment was 250,144 JPY/sq.m. The market value represents a decrease of 37,862 JPY (-13.1%) compared to 1 year ago and a transition to a weak market. 22 properties exchanged hands ( The market value represents an increase of 10 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.3 years old (a +33.6% increase compared to the 16.7 years old of last year.). The average size of the real estate was 73.4 sq.m (a +1.3% increase compared to the 72.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.7 years old in 2018 and 22.3 years old in 2019; +33.6%)
  • A dramatic increase in average distance from the station (representing 7.7 min in 2018 and 9.3 min in 2019; +21.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 45.5% of total transactions in 2018 and 72.7% 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)