Real Estate Sales
The March Report was publish on March 23, 2020 for the real estate sales for the month of February 2020. The data includes the average price per square meter for listings in the Kansai region in one data set. The Kansai region includes Wakayama, Osaka, Nara, Hyogo, Kyoto, and Shiga Prefectures.
Data for Real Estate Sales will not included new construction.
The data from February on out should be interesting to analyze considering the global pandemic we are all working through together.
Considering the first confirmed case in Japan was documented on January 16th.
For a more detailed analysis on COVID-19 and the affects on the Japanese real estate market, click here.
The Data will be broken down into three categories:
- Condominium Sales
- House Sales
- Land Sales
Sub categories will include units sold and the number of new listings on the market.
１．Condominium Sales
Kansai Region
Units Sold
February 2020: ¥342,000 per square meter a total of 1,651 units sold
February 2019: ¥348,000 per square meter a total of 1,682 units sold
Year-over-year change of -1.9% per square meter
Month-to-month change of -5.6% per square meter (January to February 2020)
New Properties Listed
February 2020: ¥382,000 per square meter a total of 5,544 units listed
February 2019: ¥361,000 per square meter a total of 4,532 units listed
Year-over-year change of 6.9% per square meter
Month-to-month change of 0.1% per square meter (January to February 2020)
Osaka City
Units Sold
February 2020: ¥478,000per square meter a total of 384 units sold
February 2019: ¥465,000 per square meter a total of 448 units sold
Year-over-year change of 2.7% per square meter
Month-to-month change of -5.9%per square meter (January to February 2020)
２．House Sales (Detached Homes)
Kansai Region
Homes Sold
February 2020: average price of ¥20,490,000 for a total of 948 houses sold
February 2019: average price of ¥20,130,000 for a total of 878 houses sold
Year-over-year change of 1.8% (average price)
Month-to-month change of -4.0% ( average price for January to February 2020)
New Properties Listed
February 2020: average price of ¥25,840,000 for a total of 3,930 houses listed
February 2019: average price of ¥24,720,000 for a total of 3,790 houses listed
Year-over-year change of 4.5% (average price)
Month-to-month change of 1.9% (average price for January to February 2020)
Northern Osaka (Hokusetsu Area)
Homes Sold
February 2020: average price of ¥28,560,000 for a total of 79 houses sold
February 2019: average price of ¥29,740,000 for a total of 59 houses sold
Year-over-year change of -7.6% (average price)
Month-to-month change of 3.2% ( average price for January to February 2020)
３．Land Sales
Kansai Region
Lots Sold
February 2020: ¥117,000 per square meter a total of 631 lots sold
February 2019: ¥119,000 per square meter a total of 519 lots sold
Year-over-year change of -2.0% per square meter
Month-to-month change of -10.5% per square meter (January to February 2020)
New Lots Listed
February 2020: ¥136,000 per square meter a total of 4,024 lots listed
February 2019: ¥131,000 per square meter a total of 3,622 lots listed
Year-over-year change of 4.0% per square meter
Month-to-month change of -1.3% per square meter (January to February 2020)
Northern Osaka (Hokusetsu Area)
Lots Sold
February 2020: ¥178,000 per square meter a total of 60 lots sold
February 2019: ¥195,000 per square meter a total of 53 lots sold
Year-over-year change of -8.9% per square meter
Month-to-month change of -16.3% per square meter (January to February 2020)
Recap
Should be interesting to see the affects on home sales from here on out. Prime Minister Abe has declared a State of Emergency for seven prefectures, with Osaka and Hyogo being included in the seven (Kansai Region).
Also with the immigration ban which started back in March and the taking full effect April 1st, we shall continue to monitor, observe, and analyze the coming months.
For additional information please contact us here
Email: info@remax-apex.com
For the original data in Japanese clink here → Kinki Reins