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, 2022 to Mar, 2022 was 198,874 JPY/sq.m. The market value represents a decrease of 78,954 JPY (-28.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.5 years old (a +67.5% increase compared to the 19.4 years old of last year.). The average size of the real estate was 66.2 sq.m (a -15.1% decrease compared to the 78.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kawano station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kawano station, where prices have increased +18.6% compared to last year; a sq.m unit now costs 118,571 JPY/sq.m.

The top 1 stations has seen prices increase +18.6% (+18,571 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -17.5% (-50,511 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 10.2 min in 2021 and 9.0 min in 2022; -11.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2021 and 25.0% of total transactions in 2022)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.4 years old in 2021 and 32.5 years old in 2022; +67.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2021 and 100.0% of total transactions in 2022)

Apartment stations market overview

The average price of Kuwana Apartment, the highest market value along this railway was 238,462 JPY/sq.m. The market value represents a decrease of 50,511 JPY (-17.5%) compared to 1 year ago and a transition to a weak 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 Kawano Apartment, the lowest market value along this railway was 118,571 JPY/sq.m. The market value represents an increase of 18,571 JPY (+18.6%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

JR Kansai Main Line (Stations Apartment market overview)
JR Kansai Main LineThis year(2022)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kuwana238,462 JPYsq.m
(35.5232876712328865.0sq.m)
288,973 JPYsq.m
(19.68127853881278778.3sq.m)
182,751 JPYsq.m
(26.218630136986384.0sq.m)
Tomida-422,222 JPYsq.m
(12.00821917808219190.0sq.m)
300,000 JPYsq.m
(15.0109589041095980.0sq.m)
Yokkaichi200,000 JPYsq.m
(32.0219178082191865.0sq.m)
-280,000 JPYsq.m
(26.51917808219178267.5sq.m)
Minamiyokkaichi--171,429 JPYsq.m
(31.0219178082191870.0sq.m)
Kawano118,571 JPYsq.m
(27.01917808219178270.0sq.m)
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

Kawano118,571 JPY/sq.m (+19% compared with the previous year)

The average price of Kawano Apartment was 118,571 JPY/sq.m. The market value represents an increase of 18,571 JPY (+18.6%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 27.0 years old (a +3.8% increase compared to the 26.0 years old of last year.). The average size of the real estate was 70.0 sq.m (a +7.7% increase compared to the 65.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.0 min in 2021 and 4.0 min in 2022; -20.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2021 and 100.0% of total transactions in 2022)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2021 and 100.0% of total transactions in 2022)

Kuwana238,462 JPY/sq.m (-17% compared with the previous year)

The average price of Kuwana Apartment was 238,462 JPY/sq.m. The market value represents a decrease of 50,511 JPY (-17.5%) compared to 1 year ago and a transition to a weak 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 35.5 years old (a +80.5% increase compared to the 19.7 years old of last year.). The average size of the real estate was 65.0 sq.m (a -17.0% decrease compared to the 78.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2021 and 10.5 min in 2022; -30.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.7 years old in 2021 and 35.5 years old in 2022; +80.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2021 and 100.0% of total transactions in 2022)

Breakdown of each segment

Station:   Segment:

Utinokati, Outi Research

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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.