JR Kansai Main Line railway market report
- Type: Apartment
- Line: JR Kansai Main Line
Kuwana Kawano [19 stations] - Period: 2021 - 4Q
Oct, 2021 Dec, 2021
JR Kansai Main Line Apartment market overview
The average price of JR Kansai Main Line (Kuwana to Kawano) Apartment, in Oct, 2021 to Dec, 2021 was 266,189 JPY/sq.m. The market value represents an increase of 37,781 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 8 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 20.1 years old (a -13.0% decrease compared to the 23.1 years old of last year.). The average size of the real estate was 80.0 sq.m (a +11.3% increase compared to the 71.9 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; 0 stations have experienced decreased prices. The overall trend was the same as last year. Yokkaichi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yokkaichi station, where prices have increased +77.4% compared to last year; a sq.m unit now costs 252,198 JPY/sq.m.
The top 1 stations has seen prices increase +77.4% (+110,031 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +9.5% (+23,600 JPY/sq.m).
Cause of price increases
- An decrease in average age of the building (representing 23.1 years old in 2020 and 20.1 years old in 2021; -13.0%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2020 and 37.5% of total transactions in 2021)
Causes of price decreases
- An increase in average distance from the station (representing 8.9 min in 2020 and 10.5 min in 2021; +18.3%)
Apartment stations market overview
The average price of Kuwana Apartment, the highest market value along this railway was 270,853 JPY/sq.m. The market value represents an increase of 23,600 JPY (+9.5%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).
The average price of Yokkaichi Apartment, the lowest market value along this railway was 252,198 JPY/sq.m. The market value represents an increase of 110,031 JPY (+77.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).
| JR Kansai Main Line | This year(2021) (Avg.Age,Dim.) | 1 year ago (Avg.Age,Dim.) | 2 years ago (Avg.Age,Dim.) |
|---|---|---|---|
| Kuwana | 270,853 JPYsq.m (17.932420091324284.2sq.m) | 247,253 JPYsq.m (23.16931506849314881.0sq.m) | 282,210 JPYsq.m (18.63938356164383676.2sq.m) |
| Tomida | - | 306,667 JPYsq.m (8.75890410958904175.0sq.m) | 173,333 JPYsq.m (22.76712328767123275.0sq.m) |
| Yokkaichi | 252,198 JPYsq.m (26.7712328767123367.5sq.m) | 142,166 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
Yokkaichi 252,198 JPY/sq.m (+77% compared with the previous year)
The average price of Yokkaichi Apartment was 252,198 JPY/sq.m. The market value represents an increase of 110,031 JPY (+77.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).
The average age of the real estate was 26.8 years old (a -11.6% decrease compared to the 30.3 years old of last year.). The average size of the real estate was 67.5 sq.m (a +42.1% increase compared to the 47.5 sq.m of last year.).
Cause of price increases
- An decrease in average age of the building (representing 30.3 years old in 2020 and 26.8 years old in 2021; -11.6%)
- A dramatic decrease in average distance from the station (representing 11.0 min in 2020 and 6.5 min in 2021; -40.9%)
- A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2020 and 100.0% of total transactions in 2021)
Kuwana 270,853 JPY/sq.m (+10% compared with the previous year)
The average price of Kuwana Apartment was 270,853 JPY/sq.m. The market value represents an increase of 23,600 JPY (+9.5%) compared to 1 year ago and a transition to a strong market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 17.9 years old (a -22.6% decrease compared to the 23.2 years old of last year.). The average size of the real estate was 84.2 sq.m (a +3.9% increase compared to the 81.0 sq.m of last year.).
Cause of price increases
- A dramatic decrease in average age of the building (representing 23.2 years old in 2020 and 17.9 years old in 2021; -22.6%)
- A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2020 and 16.7% of total transactions in 2021)
Causes of price decreases
- A dramatic increase in average distance from the station (representing 9.4 min in 2020 and 11.8 min in 2021; +25.9%)
Breakdown of each segment
Station: Segment:
