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, 2020 to Mar, 2020 was 216,131 JPY/sq.m. The market value represents an increase of 6,699 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 9 properties exchanged hands ( The market value represents an increase of 4 (+80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.6 years old (a -11.9% decrease compared to the 29.0 years old of last year.). The average size of the real estate was 78.3 sq.m (a +5.9% increase compared to the 74.0 sq.m of last year.).

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

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year.

The top 1 stations has seen prices increase +275.0% (+220,000 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -20.8% (-47,970 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 29.0 years old in 2019 and 25.6 years old in 2020; -11.9%)
  • An decrease in average distance from the station (representing 9.8 min in 2019 and 8.8 min in 2020; -10.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 77.8% of total transactions in 2020)

Apartment stations market overview

The average price of Tomida Apartment, the highest market value along this railway was 300,000 JPY/sq.m. The market value represents an increase of 220,000 JPY (+275.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of Kuwana Apartment, the lowest market value along this railway was 182,751 JPY/sq.m. The market value represents a decrease of 47,970 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana182,751 JPYsq.m
(26.218630136986384.0sq.m)
230,720 JPYsq.m
(26.34977168949771570.0sq.m)
398,352 JPYsq.m
(11.50684931506849367.5sq.m)
Tomida300,000 JPYsq.m
(15.0109589041095980.0sq.m)
80,000 JPYsq.m
(35.0219178082191880.0sq.m)
-
Yokkaichi280,000 JPYsq.m
(26.51917808219178267.5sq.m)
275,000 JPYsq.m
(31.01917808219178280.0sq.m)
152,308 JPYsq.m
(28.01917808219178257.5sq.m)
Minamiyokkaichi171,429 JPYsq.m
(31.0219178082191870.0sq.m)
--
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

Tomida300,000 JPY/sq.m (+275% compared with the previous year)

The average price of Tomida Apartment was 300,000 JPY/sq.m. The market value represents an increase of 220,000 JPY (+275.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 15.0 years old (a -57.1% decrease compared to the 35.0 years old of last year.). The average size of the real estate was 80.0 sq.m (a +0.0% decrease compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.0 years old in 2019 and 15.0 years old in 2020; -57.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2019 and 7.0 min in 2020; +40.0%)

Kuwana182,751 JPY/sq.m (-21% compared with the previous year)

The average price of Kuwana Apartment was 182,751 JPY/sq.m. The market value represents a decrease of 47,970 JPY (-20.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.2 years old (a -0.5% decrease compared to the 26.3 years old of last year.). The average size of the real estate was 84.0 sq.m (a +20.0% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 80.0% of total transactions in 2020)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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