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, 2020 to Jun, 2020 was 193,958 JPY/sq.m. The market value represents an increase of 20,753 JPY (+12.0%) compared to 1 year ago and a transition to a bull market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.6 years old (a +0.3% increase compared to the 27.5 years old of last year.). The average size of the real estate was 73.3 sq.m (a +8.6% increase compared to the 67.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease 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. Kuwana station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kuwana station, where prices have increased +24.1% compared to last year; a sq.m unit now costs 203,875 JPY/sq.m.

The top 1 stations has seen prices increase +24.1% (+39,601 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -55.6% (-111,111 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.8 min in 2019 and 5.5 min in 2020; -43.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 66.7% of total transactions in 2020)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 203,875 JPY/sq.m. The market value represents an increase of 39,601 JPY (+24.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of Yokkaichi Apartment, the lowest market value along this railway was 88,889 JPY/sq.m. The market value represents a decrease of 111,111 JPY (-55.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

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.)
Kuwana203,875 JPYsq.m
(28.27214611872146276.7sq.m)
164,274 JPYsq.m
(27.27031963470319670.0sq.m)
154,755 JPYsq.m
(24.26849315068493272.0sq.m)
Tomida275,000 JPYsq.m
(15.26301369863013880.0sq.m)
--
Yokkaichi88,889 JPYsq.m
(34.27671232876712545.0sq.m)
200,000 JPYsq.m
(28.2712328767123360.0sq.m)
-
Minamiyokkaichi188,235 JPYsq.m
(31.27397260273972585.0sq.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

Kuwana203,875 JPY/sq.m (+24% compared with the previous year)

The average price of Kuwana Apartment was 203,875 JPY/sq.m. The market value represents an increase of 39,601 JPY (+24.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 28.3 years old (a +3.7% increase compared to the 27.3 years old of last year.). The average size of the real estate was 76.7 sq.m (a +9.5% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2019 and 3.3 min in 2020; -63.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2019 and 66.7% of total transactions in 2020)

Yokkaichi88,889 JPY/sq.m (-56% compared with the previous year)

The average price of Yokkaichi Apartment was 88,889 JPY/sq.m. The market value represents a decrease of 111,111 JPY (-55.6%) 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 34.3 years old (a +21.2% increase compared to the 28.3 years old of last year.). The average size of the real estate was 45.0 sq.m (a -25.0% decrease compared to the 60.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.0 min in 2019 and 6.0 min in 2020; -50.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2019 and 100.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 28.3 years old in 2019 and 34.3 years old in 2020; +21.2%)

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)