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, 2020 to Dec, 2020 was 228,408 JPY/sq.m. The market value represents a decrease of 46,693 JPY (-17.0%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.1 years old (a +26.0% increase compared to the 18.4 years old of last year.). The average size of the real estate was 71.9 sq.m (a -2.2% decrease compared to the 73.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Tomida station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tomida station, where prices have increased +76.9% compared to last year; a sq.m unit now costs 306,667 JPY/sq.m.

The top 1 stations has seen prices increase +76.9% (+133,334 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -55.6% (-177,834 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2019 and 50.0% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.4 years old in 2019 and 23.1 years old in 2020; +26.0%)

Apartment stations market overview

The average price of Tomida Apartment, the highest market value along this railway was 306,667 JPY/sq.m. The market value represents an increase of 133,334 JPY (+76.9%) 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 Yokkaichi Apartment, the lowest market value along this railway was 142,166 JPY/sq.m. The market value represents a decrease of 177,834 JPY (-55.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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(2020)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana247,253 JPYsq.m
(23.16931506849314881.0sq.m)
282,210 JPYsq.m
(18.63938356164383676.2sq.m)
377,119 JPYsq.m
(9.75890410958904175.0sq.m)
Tomida306,667 JPYsq.m
(8.75890410958904175.0sq.m)
173,333 JPYsq.m
(22.76712328767123275.0sq.m)
-
Yokkaichi142,166 JPYsq.m
(30.27534246575342547.5sq.m)
320,000 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

Tomida306,667 JPY/sq.m (+77% compared with the previous year)

The average price of Tomida Apartment was 306,667 JPY/sq.m. The market value represents an increase of 133,334 JPY (+76.9%) 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 8.8 years old (a -61.5% decrease compared to the 22.8 years old of last year.). The average size of the real estate was 75.0 sq.m (a +0.0% decrease compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.8 years old in 2019 and 8.8 years old in 2020; -61.5%)
  • A dramatic decrease in average distance from the station (representing 4.0 min in 2019 and 2.0 min in 2020; -50.0%)

Yokkaichi142,166 JPY/sq.m (-56% compared with the previous year)

The average price of Yokkaichi Apartment was 142,166 JPY/sq.m. The market value represents a decrease of 177,834 JPY (-55.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.3 years old (a +157.5% increase compared to the 11.8 years old of last year.). The average size of the real estate was 47.5 sq.m (a -5.0% decrease compared to the 50.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.8 years old in 2019 and 30.3 years old in 2020; +157.5%)
  • A dramatic increase in average distance from the station (representing 9.0 min in 2019 and 11.0 min in 2020; +22.2%)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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