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 Sep, 2020 was 211,638 JPY/sq.m. The market value represents a decrease of 33,777 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 9 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.2 years old (a +11.2% increase compared to the 22.7 years old of last year.). The average size of the real estate was 74.8 sq.m (a +2.6% 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 locations less than ten minutes by foot from the station.

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 +43.8% compared to last year; a sq.m unit now costs 287,500 JPY/sq.m.

The top 1 stations has seen prices increase +43.8% (+87,500 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.5% (-56,184 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 4.8% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 22.7 years old in 2019 and 25.2 years old in 2020; +11.2%)
  • 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 14.3% of total transactions in 2020)

Apartment stations market overview

The average price of Tomida Apartment, the highest market value along this railway was 287,500 JPY/sq.m. The market value represents an increase of 87,500 JPY (+43.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

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.)
Kuwana193,960 JPYsq.m
(26.08287671232876577.1sq.m)
250,144 JPYsq.m
(22.27808219178082273.4sq.m)
288,006 JPYsq.m
(16.671980074719872.5sq.m)
Tomida287,500 JPYsq.m
(15.13698630136986380.0sq.m)
200,000 JPYsq.m
(21.76529680365296676.7sq.m)
-
Yokkaichi236,444 JPYsq.m
(24.8701369863013766.0sq.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

Tomida287,500 JPY/sq.m (+44% compared with the previous year)

The average price of Tomida Apartment was 287,500 JPY/sq.m. The market value represents an increase of 87,500 JPY (+43.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.1 years old (a -30.5% decrease compared to the 21.8 years old of last year.). The average size of the real estate was 80.0 sq.m (a +4.3% 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 15.1 years old in 2020; -30.5%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.7 min in 2019 and 7.5 min in 2020; +104.5%)

Kuwana193,960 JPY/sq.m (-22% compared with the previous year)

The average price of Kuwana Apartment was 193,960 JPY/sq.m. The market value represents a decrease of 56,184 JPY (-22.5%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents a decrease of 10 (-45.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.1 years old (a +17.1% increase compared to the 22.3 years old of last year.). The average size of the real estate was 77.1 sq.m (a +5.0% increase compared to the 73.4 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 22.3 years old in 2019 and 26.1 years old in 2020; +17.1%)
  • An increase in average distance from the station (representing 9.3 min in 2019 and 10.7 min in 2020; +14.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 27.3% of total transactions in 2019 and 16.7% 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)