Real Estate Sales

The January Report was publish on February 16, 2021 for the real estate sales for the month of January 2021. 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:

1. Condominium Sales
2. House Sales
3. 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

January 2021: ¥360,800 per square meter a total of 1,081 units sold
January 2020: ¥361,700 per square meter a total of 1,035 units sold
Year-over-year change of -0.2% per square meter
Month-to-month change of 4.4% per square meter (December 2020 to January 2021)

January 2021: ¥25,070,000 average price
January 2020: ¥25,380,000 average price
Year-over-year change of -1.2%
Month-to-month change of 3.2% (December 2020 to January 2021)
Average Floor Area: 69.48m²
Average Age: 24.08 years

New Properties Listed

January 2021: ¥387,400 per square meter a total of 4,949 units listed
January 2020: ¥382,000 per square meter a total of 5,462 units listed
Year-over-year change of 1.4% per square meter
Month-to-month change of -1.7% per square meter (December 2020 to January 2021)

January 2021: ¥24,550,000 average price
January 2020: ¥24,850,000 average price
Year-over-year change of -1.2%
Month-to-month change of -2.0% (December 2020 to January 2021)
Average Floor Area: 63.38m²
Average Age: 24.11 years

Total Inventory

January 2021: 15,912 total units at ¥387,700 per square meter
January 2020: 17,533 total units at ¥365,900 per square meter
Year-over-year change of 5.9% per square meter
Month-to-month change of -1.2% per square meter (December 2020 to January 2021)

January 2021: ¥23,860,000 average price
January 2020: ¥23,280,000 average price
Year-over-year change of 2.5%
Month-to-month change of -0.8% (December 2020 to January 2021)
Average Floor Area: 61.56m²
Average Age: 24.11 years

Osaka City

Units Sold

January 2021: ¥495,900 per square meter a total of 261 units sold
January 2020: ¥507,500 per square meter a total of 269 units sold
Year-over-year change of -2.3% per square meter
Month-to-month change of 7.1% per square meter (December 2020 to January 2021)

January 2021: ¥31,830,000 average price
January 2020: ¥31,980,000 average price
Year-over-year change of -0.4%
Month-to-month change of 8.9% (December 2020 to January 2021)
Average Floor Area: 64.19m²
Average Age: 22.11 years

New Properties Listed

January 2021: ¥542,400 per square meter a total of 1,648 units listed
January 2020: ¥537,900 per square meter a total of 1,696 units listed
Year-over-year change of 0.8% per square meter
Month-to-month change of -0.8% per square meter (December 2020 to January 2021)

January 2021: ¥27,840,000 average price
January 2020: ¥29,100,000 average price
Year-over-year change of -4.3%
Month-to-month change of -3.6% (December 2020 to January 2021)
Average Floor Area: 51.32m²
Average Age: 21.06 years

Northern Osaka (Hokusetsu Area)

Units Sold

January 2021: ¥351,500 per square meter a total of 143 units sold
January 2020: ¥378,400 per square meter a total of 118 units sold
Year-over-year change of -7.1% per square meter
Month-to-month change of -1.9% per square meter (December 2020 to January 2021)

January 2021: ¥26,600,000 average price
January 2020: ¥28,730,000 average price
Year-over-year change of -7.4%
Month-to-month change of -3.2% (December 2020 to January 2021)
Average Floor Area: 75.69m²
Average Age: 24.03 years

New Properties Listed

January 2021: ¥333,100 per square meter a total of 487 units listed
January 2020: ¥349,600 per square meter a total of 635 units listed
Year-over-year change of -4.7% per square meter
Month-to-month change of -0.9% per square meter (December 2020 to January 2021)

January 2021: ¥25,250,000 average price
January 2020: ¥26,400,000 average price
Year-over-year change of -4.4%
Month-to-month change of -1.0% (December 2020 to January 2021)
Average Floor Area: 75.79m²
Average Age: 29.00 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

January 2021: average price of ¥19,800,000 for a total of 683 homes sold
January 2020: average price of ¥21,350,000 for a total of 614 homes sold
Year-over-year change of -7.3% (average price)
Month-to-month change of -6.3%  (average price from December 2020 to January 2021)

Average Land Area: 131.29m²
Average Building Area: 107.61m²
Average Age: 26.03 years

New Properties Listed

January 2021: average price of ¥26,490,000 for a total of 3,243 houses listed
January 2020: average price of ¥25,360,000 for a total of 4,042 houses listed
Year-over-year change of 4.5% (average price)
Month-to-month change of 2.5%  (average price from December 2020 to January 2021)

Average Land Area: 140.24m²
Average Building Area: 113.93m²
Average Age: 26.05 years

Total Inventory

January 2021: 12,534 with an average price of ¥24,700,000
January 2020: 15,008 with an average price of ¥23,690,000
Year-over-year change of 4.3% (average price)
Month-to-month change of 1.1%  (average price from December 2020 to January 2021)

Average Land Area: 142.57m²
Average Building Area: 213.05m²
Average Age: 27.09 years

Northern Osaka (Hokusetsu Area)

Homes Sold

January 2021: average price of ¥27,630,000 for a total of 56 homes sold
January 2020: average price of ¥26,630,000 for a total of 51 homes sold
Year-over-year change of 3.8% (average price)
Month-to-month change of -5.1%  (average price from December 2020 to January 2021)

Average Land Area: 120.19m²
Average Building Area: 112.06m²
Average Age: 23.07 years

New Properties Listed

January 2021: average price of ¥37,020,000 for a total of 236 homes sold
January 2020: average price of ¥34,720,000 for a total of 313 homes sold
Year-over-year change of 6.6% (average price)
Month-to-month change of 4.0%  (average price from December 2020 to January 2021)

Average Land Area: 135.69m²
Average Building Area: 121.02m²
Average Age: 22.07 years

３．Land Sales
Kansai Region

Lots Sold

January 2021: average price of ¥119,300 for a total of 431 lots sold
January 2020: average price of ¥130,200 for a total of 399 lots sold
Year-over-year change of -8.4% price per square meter
Month-to-month change of 1.2%  price per square meter (December 2020 to January 2021)

January 2021: ¥19,480,000 average price
January 2020: ¥21,060,000 average price
Year-over-year change of -7.5%
Month-to-month change of 2.8% (December 2020 to January 2021)
Average Land Area: 163.33m²

New Properties Listed

January 2021: average price of ¥136,600 for a total of 3,376 lots listed
January 2020: average price of ¥137,900 for a total of 4,094 lots listed
Year-over-year change of -0.9% price per square meter
Month-to-month change of 6.0% price per square meter (December 2020 to January 2021)

January 2021: ¥22,650,000 average price
January 2020: ¥22,760,000 average price
Year-over-year change of -0.5%
Month-to-month change of 3.9% (December 2020 to January 2021)
Average Land Area: 165.85m²

Total Inventory

January 2021: 16,112 total units at ¥105,500 per square meter
January 2020: 18,190 total units at ¥107,200 per square meter
Year-over-year change of -1.6% per square meter
Month-to-month change of 1.1% per square meter (December 2020 to January 2021)

January 2021: ¥18,480,000 average price
January 2020: ¥18,600,000 average price
Year-over-year change of -0.7%
Month-to-month change of 0.9% (December 2020 to January 2021)
Average Land Area: 175.11m²

Northern Osaka (Hokusetsu Area)

Lots Sold

January 2021: average price of ¥203,500 for a total of 45 lots sold
January 2020: average price of ¥212,600 for a total of 43 lots sold
Year-over-year change of -4.3% pricer per square meter
Month-to-month change of 9.9%  price per square meter (December 2020 to January 2021)

January 2021: ¥31,300,000 average price
January 2020: ¥30,830,000 average price
Year-over-year change of 1.5%
Month-to-month change of 15.7% (December 2020 to January 2021)
Average Land Area: 153.82m²

New Properties Listed

December 2020: average price of ¥207,300 for a total of 222 lots listed
December 2019: average price of ¥212,700 for a total of 426 lots listed
Year-over-year change of -2.6% price per square meter
Month-to-month change of -6.9% price per square meter (November to December 2020)

January 2021: ¥30,690,000 average price
January 2020: ¥31,880,000 average price
Year-over-year change of -3.7%
Month-to-month change of -16.1% (December 2020 to January 2021)
Average Land Area: 148.07m²

Market Analysis

Condominiums

Just as in past years, the overall number of sales declined from December to January. On a positive note, transactions in January 2021 increased 4.4% compared to January 2020.
In Osaka City, Fukushima-ku, Tennoji-ku, and Higashinari-ku observed increases in every data point tracked in this report.

Overall inventory increased by 282 units compared to December 2020, but the overall trend of inventory decreasing for the fourth consecutive month when comparing year to year.

The same trend can be said for new properties listed, an increase in 351 units compared to December 2020. As for year to year comparisons, for five consecutive months we have observed a decrease in new properties listed.

Detached Homes

The average price for detached homes in the Kansai Region broke a 9 month trend where the average price comparison year over year in December 2020. The decreasing trend is back in January 2021 where the average price decreased by -7.3% year over year. On the positive note, the Kansai Region experienced a 11.2% increase in the number of sales year over year.

Similarly to condominiums, overall inventory increased by 86 homes compared to December 2020, but the overall trend of inventory decreasing for the seventh consecutive month when comparing year to year. The percent change increased in the negative direction for the last seven months as well.

The same trend for new properties listed, an increase in 214 homes compared to December 2020. As for year to year comparisons, for 10 consecutive months we have observed a decrease in new properties listed.

On a positive note, inventory has increased from December 2020 to January 2021 across the board, condos, homes, and land.

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Email: info@remax-apex.com

For the original data in Japanese clink here → Kinki Reins