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 Dec, 2020 was 220,773 JPY/sq.m. The market value represents a decrease of 24,643 JPY (-10.0%) compared to 1 year ago and a transition to a weak market. 34 properties exchanged hands ( The market value represents an increase of 4 (+13.3%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 24.8 years old (a +9.2% increase compared to the 22.7 years old of last year.). The average size of the real estate was 74.4 sq.m (a +2.2% increase compared to the 72.8 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.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. 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 +46.9% compared to last year; a sq.m unit now costs 293,889 JPY/sq.m.

The top 1 stations has seen prices increase +46.9% (+93,889 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -26.1% (-72,336 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.3% of total transactions in 2019 and 8.8% of total transactions in 2020)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 26.7% of total transactions in 2019 and 8.8% of total transactions in 2020)

Apartment stations market overview

The average price of Tomida Apartment, the highest market value along this railway was 293,889 JPY/sq.m. The market value represents an increase of 93,889 JPY (+46.9%) 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 Minamiyokkaichi Apartment, the lowest market value along this railway was 179,832 JPY/sq.m. The market value represents an increase of 29,832 JPY (+19.9%) compared to 1 year ago and a transition to a bull 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.)
Kuwana220,241 JPYsq.m
(25.032093933463878.1sq.m)
250,144 JPYsq.m
(22.27808219178082273.4sq.m)
288,006 JPYsq.m
(16.671980074719872.5sq.m)
Tomida293,889 JPYsq.m
(13.0109589041095978.3sq.m)
200,000 JPYsq.m
(21.76529680365296676.7sq.m)
-
Yokkaichi204,986 JPYsq.m
(26.92842465753424762.5sq.m)
277,322 JPYsq.m
(23.6417808219178165.0sq.m)
152,308 JPYsq.m
(28.01917808219178257.5sq.m)
Minamiyokkaichi179,832 JPYsq.m
(31.14794520547945277.5sq.m)
150,000 JPYsq.m
(30.52328767123287580.0sq.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

Tomida293,889 JPY/sq.m (+47% compared with the previous year)

The average price of Tomida Apartment was 293,889 JPY/sq.m. The market value represents an increase of 93,889 JPY (+46.9%) 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 13.0 years old (a -40.2% decrease compared to the 21.8 years old of last year.). The average size of the real estate was 78.3 sq.m (a +2.2% increase compared to the 76.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.8 years old in 2019 and 13.0 years old in 2020; -40.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.7 min in 2019 and 5.7 min in 2020; +54.5%)
  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 33.3% of total transactions in 2019 and 33.3% of total transactions in 2020)

Yokkaichi204,986 JPY/sq.m (-26% compared with the previous year)

The average price of Yokkaichi Apartment was 204,986 JPY/sq.m. The market value represents a decrease of 72,336 JPY (-26.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.9 years old (a +13.9% increase compared to the 23.6 years old of last year.). The average size of the real estate was 62.5 sq.m (a -3.8% decrease compared to the 65.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.5 min in 2019 and 8.1 min in 2020; -14.5%)

Causes of price decreases

  • An increase in average age of the building (representing 23.6 years old in 2019 and 26.9 years old in 2020; +13.9%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2019 and 87.5% of total transactions in 2020)

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)

Safety and Security of Utinokati

Ministry of Land, Infrastructure, Transport and Tourism. Utinokati provides market information based on the latest real estate transaction data collected by the transaction information provision system of the Land Appraisal Committee of the MLIT, Japan.
Utinokati strives to provide high-quality real estate price information while paying attention to the protection of personal information so that everyone can trade real estate with peace of mind.
Utinokati is making various efforts to improve the reliability of information and to allow users to check the land market with peace of mind.

Corporate Profile

Company Name Utinokati
Utinokati Real estate media providing price quotes and price trends for condominiums, homes, land and rental properties in 250,000 locations nationwide, along more than 20,000 train lines and stations, as well as rent quotes and rent trends.
Totinokati Real estate media providing public land prices, roadside land prices (inheritance tax assessed values), and property tax assessed values for 10,000 areas and station areas nationwide, based on the Ministry of Land, Infrastructure, Transport and Tourism's public notice of land prices.
Location Kudanminami 1-5-6, Chiyoda-ku, Tokyo, Japan
Foundation November, 2014
Mission Our mission is to use past real estate transaction data to visualize real estate pricing across Japan and offer that information to users in a convenient fashion.