JR Kansai Main Line railway market report
- Type: Apartment
- Line: JR Kansai Main Line
Kuwana Kawano [19 stations] - Period: 2021 - 2Q
Apr, 2021 Jun, 2021
JR Kansai Main Line Apartment market overview
The average price of JR Kansai Main Line (Kuwana to Kawano) Apartment, in Apr, 2021 to Jun, 2021 was 328,592 JPY/sq.m. The market value represents an increase of 133,770 JPY (+68.7%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.3 years old (a -38.6% decrease compared to the 28.1 years old of last year.). The average size of the real estate was 78.0 sq.m (a +6.0% increase compared to the 73.6 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.
1 stations have experienced increased prices; 0 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 +61.9% compared to last year; a sq.m unit now costs 328,592 JPY/sq.m.
The top 1 stations has seen prices increase +61.9% (+125,686 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +61.9% (+125,686 JPY/sq.m).
Cause of price increases
- A dramatic decrease in average age of the building (representing 28.1 years old in 2020 and 17.3 years old in 2021; -38.6%)
- A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 14.3% 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 6.1 min in 2020 and 6.8 min in 2021; +10.7%)
Apartment stations market overview
The average price of Kuwana Apartment, the highest market value along this railway was 328,592 JPY/sq.m. The market value represents an increase of 125,686 JPY (+61.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).
The average price of Kuwana Apartment, the lowest market value along this railway was 328,592 JPY/sq.m. The market value represents an increase of 125,686 JPY (+61.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) 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 | 328,592 JPYsq.m (17.26356164383561578.0sq.m) | 202,906 JPYsq.m (29.0226027397260376.2sq.m) | 164,274 JPYsq.m (27.27031963470319670.0sq.m) |
| Tomida | - | 275,000 JPYsq.m (15.26301369863013880.0sq.m) | - |
| Yokkaichi | - | 88,889 JPYsq.m (34.27671232876712545.0sq.m) | 200,000 JPYsq.m (28.2712328767123360.0sq.m) |
| Minamiyokkaichi | - | 188,235 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
Kuwana 328,592 JPY/sq.m (+62% compared with the previous year)
The average price of Kuwana Apartment was 328,592 JPY/sq.m. The market value represents an increase of 125,686 JPY (+61.9%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.3 years old (a -40.5% decrease compared to the 29.0 years old of last year.). The average size of the real estate was 78.0 sq.m (a +2.3% increase compared to the 76.2 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 29.0 years old in 2020 and 17.3 years old in 2021; -40.5%)
- A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 25.0% of total transactions in 2020 and 40.0% of total transactions in 2021)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 5.0 min in 2020 and 6.8 min in 2021; +36.0%)
Breakdown of each segment
Station: Segment:
