JR Kansai Main Line railway market report
- Type: Apartment
- Line: JR Kansai Main Line
Kuwana Kawano [19 stations] - Period: 2021 - 1Q
Jan, 2021 Mar, 2021
JR Kansai Main Line Apartment market overview
The average price of JR Kansai Main Line (Kuwana to Kawano) Apartment, in Jan, 2021 to Mar, 2021 was 277,828 JPY/sq.m. The market value represents an increase of 61,697 JPY (+28.5%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 4 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.4 years old (a -24.1% decrease compared to the 25.6 years old of last year.). The average size of the real estate was 78.0 sq.m (a -0.4% decrease compared to the 78.3 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; 0 stations have experienced decreased prices. The overall trend was the same as last year. Kuwana, Tomida 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 +58.1% compared to last year; a sq.m unit now costs 288,973 JPY/sq.m.
The top 1 stations has seen prices increase +58.1% (+106,222 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +40.7% (+122,222 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average age of the building (representing 25.6 years old in 2020 and 19.4 years old in 2021; -24.1%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 77.8% of total transactions in 2020 and 40.0% of total transactions in 2021)
Causes of price decreases
- An increase in average distance from the station (representing 8.8 min in 2020 and 10.2 min in 2021; +16.2%)
Apartment stations market overview
The average price of Tomida Apartment, the highest market value along this railway was 422,222 JPY/sq.m. The market value represents an increase of 122,222 JPY (+40.7%) 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 288,973 JPY/sq.m. The market value represents an increase of 106,222 JPY (+58.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).
| JR Kansai Main Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kuwana | 288,973 JPYsq.m (19.68127853881278778.3sq.m) | 182,751 JPYsq.m (26.218630136986384.0sq.m) | 230,720 JPYsq.m (26.34977168949771570.0sq.m) |
| Tomida | 422,222 JPYsq.m (12.00821917808219190.0sq.m) | 300,000 JPYsq.m (15.0109589041095980.0sq.m) | 80,000 JPYsq.m (35.0219178082191880.0sq.m) |
| Yokkaichi | - | 280,000 JPYsq.m (26.51917808219178267.5sq.m) | 275,000 JPYsq.m (31.01917808219178280.0sq.m) |
| Minamiyokkaichi | - | 171,429 JPYsq.m (31.0219178082191870.0sq.m) | - |
| Kawano | 100,000 JPYsq.m (26.01917808219178265.0sq.m) | - | - |
*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
Kuwana 288,973 JPY/sq.m (+58% compared with the previous year)
The average price of Kuwana Apartment was 288,973 JPY/sq.m. The market value represents an increase of 106,222 JPY (+58.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 19.7 years old (a -24.9% decrease compared to the 26.2 years old of last year.). The average size of the real estate was 78.3 sq.m (a -6.7% decrease compared to the 84.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 26.2 years old in 2020 and 19.7 years old in 2021; -24.9%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 80.0% of total transactions in 2020 and 33.3% of total transactions in 2021)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 10.2 min in 2020 and 15.0 min in 2021; +47.1%)
Tomida 422,222 JPY/sq.m (+41% compared with the previous year)
The average price of Tomida Apartment was 422,222 JPY/sq.m. The market value represents an increase of 122,222 JPY (+40.7%) 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 12.0 years old (a -20.0% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 90.0 sq.m (a +12.5% increase compared to the 80.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 15.0 years old in 2020 and 12.0 years old in 2021; -20.0%)
- A dramatic decrease in average distance from the station (representing 7.0 min in 2020 and 1.0 min in 2021; -85.7%)
Breakdown of each segment
Station: Segment:
