Real Estate Sales
The August Report was publish on August 24, 2020 for the real estate sales for the month of July 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
July 2020: ¥342,000 per square meter a total of 1,401 units sold
July 2019: ¥339,000 per square meter a total of 1,457 units sold
Year-over-year change of 0.8% per square meter
Month-to-month change of 4.4% per square meter (June to July 2020)
New Properties Listed
July 2020: ¥388,000 per square meter a total of 5,205 units listed
July 2019: ¥370,000 per square meter a total of 5,529 units listed
Year-over-year change of 4.9% per square meter
Month-to-month change of -0.3% per square meter (June to July 2020)
Osaka City
Units Sold
July 2020: ¥490,000 per square meter a total of 323 units sold
July 2019: ¥449,000 per square meter a total of 344 units sold
Year-over-year change of 9.2% per square meter
Month-to-month change of 8.8%per square meter (June to July 2020)
２．House Sales (Detached Homes)
Kansai Region
Homes Sold
July 2020: average price of ¥19,210,000 for a total of 887 houses sold
July 2019: average price of ¥20,140,000 for a total of 984 houses sold
Year-over-year change of -4.6% (average price)
Month-to-month change of -5.5% ( average price from June to July 2020)
New Properties Listed
July 2020: average price of ¥26,200,000 for a total of 3,293 houses listed
July 2019: average price of ¥24,950,000 for a total of 3,920 houses listed
Year-over-year change of 5.0% (average price)
Month-to-month change of 4.9% (average price from June to July 2020)
Northern Osaka (Hokusetsu Area)
Homes Sold
July 2020: average price of ¥28,330,000 for a total of 62 houses sold
July 2019: average price of ¥29,370,000 for a total of 76 houses sold
Year-over-year change of -4.5% (average price)
Month-to-month change of -6.4% ( average price from June to July 2020)
３．Land Sales
Kansai Region
Lots Sold
July 2020: ¥116,348 per square meter a total of 605 lots sold
July 2019: ¥116,000 per square meter a total of 645 lots sold
Year-over-year change of -0.3% per square meter
Month-to-month change of 7.5% per square meter (June to July 2020)
New Lots Listed
July 2020: ¥141,000 per square meter a total of 3,660 lots sold
July 2019: ¥132,000 per square meter a total of 4,112 lots sold
Year-over-year change of 6.7% per square meter
Month-to-month change of 4.0% per square meter (June to July 2020)
Northern Osaka (Hokusetsu Area)
Lots Sold
July 2020: ¥172,000 per square meter a total of 46 lots sold
July 2019: ¥185,000 per square meter a total of 67 lots sold
Year-over-year change of -7.2% per square meter
Month-to-month change of -9.0% per square meter (June to July 2020)
Recap
We can continue to see a trend towards recovery to pre-COVID numbers with the totals sales for condominiums in July 2020 (1,401) compared to July 2019 (1,457) with a minuscule increase in price per square meter in 2020.
Total sales for detached homes in July 2020 (887) compared to July 2019 (984) with a minuscule decrease in average sales price in 2020.
Market Analysis
The supply and demand for condominiums, the ratio to new properties listed to sales was 4.02:1 with the price divergence rate being -5.4%. The total number-to-cases ratio was almost flat due to the decrease in the number of sales and new listings, but the price divergence rate tended to ease as the rate of increase in the price of new listings exceeded the price of new listings.
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For the original data in Japanese clink here → Kinki Reins