Real Estate Sales
The April Report was publish on May 20, 2020 for the real estate sales for the month of March 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 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
April 2020: ¥325,000 per square meter a total of 922 units sold
April 2019: ¥340,000 per square meter a total of 1,597 units sold
Year-over-year change of -4.2% per square meter
Month-to-month change of -2.9% per square meter (March to April 2020)
New Properties Listed
April 2020: ¥384,000 per square meter a total of 5,007 units listed
April 2019: ¥369,000 per square meter a total of 5,267 units listed
Year-over-year change of 4.2% per square meter
Month-to-month change of 0.0% per square meter (February to March 2020)
Osaka City
Units Sold
April 2020: ¥464,000 per square meter a total of 214 units sold
April 2019: ¥441,000 per square meter a total of 372 units sold
Year-over-year change of -5.3% per square meter
Month-to-month change of 1.3%per square meter (March to April 2020)
２．House Sales (Detached Homes)
Kansai Region
Homes Sold
April 2020: average price of ¥18,800,000 for a total of 682 houses sold
April 2019: average price of ¥21,600,000 for a total of 1,097 houses sold
Year-over-year change of -13.0% (average price)
Month-to-month change of 0.5% ( average price for March to April 2020)
New Properties Listed
April 2020: average price of ¥25,150,000 for a total of 3,323 houses listed
April 2019: average price of ¥24,860,000 for a total of 3,600 houses listed
Year-over-year change of 1.2% (average price)
Month-to-month change of 0.5% (average price for February to March 2020)
Northern Osaka (Hokusetsu Area)
Homes Sold
April 2020: average price of ¥25,970,000 for a total of 37 houses sold
April 2019: average price of ¥27,730,000 for a total of 52 houses sold
Year-over-year change of -6.4% (average price)
Month-to-month change of -2.4% ( average price for March to April 2020)
３．Land Sales
Kansai Region
Lots Sold
April 2020: ¥116,000 per square meter a total of 476 lots sold
April 2019: ¥112,000 per square meter a total of 668 lots sold
Year-over-year change of 3.2% per square meter
Month-to-month change of -1.1% per square meter (March to April 2020)
New Lots Listed
April 2020: ¥131,000 per square meter a total of 3,770 lots listed
April 2019: ¥133,000 per square meter a total of 3,791 lots listed
Year-over-year change of -1.6% per square meter
Month-to-month change of -7.7% per square meter (March to April 2020)
Northern Osaka (Hokusetsu Area)
Lots Sold
April 2020: ¥191,000 per square meter a total of 45 lots sold
April 2019: ¥174,000 per square meter a total of 84 lots sold
Year-over-year change of 9.3% per square meter
Month-to-month change of -8.7% per square meter (March to April 2020)
Recap
As expected, the number of transactions for condominiums, houses, and land were down compared to the year before (2019).
Condominium sales were down 42.3%
House sales were down 37.8%
Land sales were down 28.7%
The general public believes with COVID-19 there should be a drop in real estate prices. Granted average prices for condominium, houses, and land have been declining since February. We should continue to monitor the average sales prices for May and June as well as keeping an eye on the inventory.
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Email: info@remax-apex.com
For the original data in Japanese clink here → Kinki Reins