Real Estate Sales
The July Report was publish on July 20, 2020 for the real estate sales for the month of June 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 to hit the market.
１．Condominium Sales
Kansai Region
Units Sold
June 2020: ¥327,000 per square meter a total of 1,513 units sold
June 2019: ¥334,000 per square meter a total of 1,473 units sold
Year-over-year change of -1.9% per square meter
Month-to-month change of 8.0% per square meter (May to June 2020)
New Properties Listed
June 2020: ¥389,000 per square meter a total of 5,692 units listed
June 2019: ¥371,000 per square meter a total of 5,328 units listed
Year-over-year change of 5.0% per square meter
Month-to-month change of 0.9% per square meter (May to June 2020)
Osaka City
Units Sold
June 2020: ¥450,000 per square meter a total of 396 units sold
June 2019: ¥451,000 per square meter a total of 341 units sold
Year-over-year change of -0.02% per square meter
Month-to-month change of 8.1%per square meter (May to June 2020)
２．House Sales (Detached Homes)
Kansai Region
Homes Sold
June 2020: average price of ¥20,320,000 for a total of 935 houses sold
June 2019: average price of ¥20,430,000 for a total of 890 houses sold
Year-over-year change of -0.5% (average price)
Month-to-month change of 8.9% ( average price for May to June 2020)
New Properties Listed
June 2020: average price of ¥24,980,000 for a total of 3,600 houses listed
June 2019: average price of ¥24,560,000 for a total of 3,766 houses listed
Year-over-year change of 1.7% (average price)
Month-to-month change of -1.7% (average price for May to June 2020)
Northern Osaka (Hokusetsu Area)
Homes Sold
June 2020: average price of ¥30,260,000 for a total of 89 houses sold
June 2019: average price of ¥27,730,000 for a total of 63 houses sold
Year-over-year change of -9.2% (average price)
Month-to-month change of -12.7% ( average price for May to June 2020)
３．Land Sales
Kansai Region
Lots Sold
June 2020: ¥107,000 per square meter a total of 619 lots sold
June 2019: ¥122,000 per square meter a total of 658 lots sold
Year-over-year change of -11.8% per square meter
Month-to-month change of -5.6% per square meter (May to June 2020)
New Lots Listed
June 2020: ¥135,000 per square meter a total of 3,906 lots listed
June 2019: ¥132,000 per square meter a total of 3,913 lots listed
Year-over-year change of 2.6% per square meter
Month-to-month change of 0.7% per square meter (May to June 2020)
Northern Osaka (Hokusetsu Area)
Lots Sold
June 2020: ¥189,000 per square meter a total of 65 lots sold
June 2019: ¥183,000 per square meter a total of 82 lots sold
Year-over-year change of 3.5% per square meter
Month-to-month change of 6.0% per square meter (May to June 2020)
Recap
Are we observing a recovery? It is still a little too early to tell, but consumer confidence seem to be on the rise. Yes, the concerns surrounding Covid-19 are still prevalent with the future being unknown, but the initial shock of the virus seems to be wearing off.
The number of transactions took a leap from the prior month (May) and in some instances took a leap from the prior year (June 2019).
With the number condominium sales increasing from 764 (May) to 1,513 (June). Up from 1,473 (June 2019) to 1,513 (June 2020).
Sales has also increased for single family homes from 681 (May) to 935 (June) and from 890 (June 2019) to 935 (June 2020).
In the recent months, we might be experiencing a second wave from the number of Covid-19 cases. This can be attributed to the increase in the number of daily tests as well as people looking to “normalize” their day to day activities. One other factor might be from the “Go-To” Campaign the Japanese Government rolled out in July.
But we will continue to monitor the market and the affects of Covid-19 here in Japan.
For additional information please contact us here
Email: info@remax-apex.com
For the original data in Japanese clink here → Kinki Reins