Real Estate Sales
The April Report was publish on March 13, 2021 for the real estate sales for the month of March 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:
- 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
March 2021: ¥355,100 per square meter a total of 1,952 units sold
March 2020: ¥335,000 per square meter a total of 1,805 units sold
Year-over-year change of 6.0% per square meter
Month-to-month change of 0.1% per square meter (February to March)
March 2021: ¥24,950,000 average price
March 2020: ¥23,220,000 average price
Year-over-year change of 7.5%
Month-to-month change of 0.2% (February to March)
Average Floor Area: 70.27m2
Average Age: 25.01 years
New Properties Listed
March 2021: ¥399,500 per square meter a total of 5,243 units listed
March 2020: ¥383,800 per square meter a total of 6,127 units listed
Year-over-year change of 4.1% per square meter
Month-to-month change of -0.3% per square meter (February to March)
March 2021: ¥25,020,000 average price
March 2020: ¥24,620,000 average price
Year-over-year change of 1.6%
Month-to-month change of 0.1% (February to March)
Average Floor Area: 62.63m2
Average Age: 24.11 years
Total Inventory
March 2021: 15,489 total units at ¥393,800 per square meter
March 2020: 17,380 total units at ¥370,500 per square meter
Year-over-year change of 6.3% per square meter
Month-to-month change of 1.0% per square meter (February to March)
Osaka City
Units Sold
March 2021: ¥486,100 per square meter a total of 498 units sold
March 2020: ¥457,900 per square meter a total of 425 units sold
Year-over-year change of 6.1% per square meter
Month-to-month change of -3.1% per square meter (February to March)
March 2021: ¥32,480,000 average price
March 2020: ¥28,950,000 average price
Year-over-year change of 12.2%
Month-to-month change of 1.7% (February to March)
Average Floor Area: 66.83m2
Average Age: 23.00 years
New Properties Listed
March 2021: ¥551,600 per square meter a total of 1,842 units listed
March 2020: ¥523,600 per square meter a total of 1,765 units listed
Year-over-year change of 5.4% per square meter
Month-to-month change of 2.2% per square meter (February to March)
March 2021: ¥28,140,000 average price
March 2020: ¥28,520,000 average price
Year-over-year change of -1.3%
Month-to-month change of 2.1% (February to March)
Average Floor Area: 51.01m2
Average Age: 22.02 years
Northern Osaka (Hokusetsu Area)
Units Sold
March 2021: ¥366,200 per square meter a total of 235 units sold
March 2020: ¥351,900 per square meter a total of 218 units sold
Year-over-year change of 4.1% per square meter
Month-to-month change of 10.8% per square meter (February to March)
March 2021: ¥27,460,000 average price
March 2020: ¥26,180,000 average price
Year-over-year change of 4.9%
Month-to-month change of 11.4% (February to March)
Average Floor Area: 75.00m2
Average Age: 25.00 years
New Properties Listed
March 2021: ¥351,400 per square meter a total of 509 units listed
March 2020: ¥343,300 per square meter a total of 636 units listed
Year-over-year change of 2.4% per square meter
Month-to-month change of -4.5% per square meter (February to March)
March 2021: ¥26,860,000 average price
March 2020: ¥25,800,000 average price
Year-over-year change of 4.1%
Month-to-month change of -3.1% (February to March)
Average Floor Area: 76.45m2
Average Age: 27.07 years
２．House Sales (Detached Homes)
Kansai Region
Homes Sold
March 2021: average price of ¥21,480,000 for a total of 1,092 homes sold
March 2020: average price of ¥20,010,000 for a total of 1,159 homes sold
Year-over-year change of 7.4% (average price)
Month-to-month change of 1.7% (average price from February to March)
Average Land Area: 134.71m2
Average Building Area: 108.23m2
Average Age: 24.11 years
New Homes Listed
March 2021: average price of ¥26,520,000 for a total of 3,489 houses listed
March 2020: average price of ¥25,030,000 for a total of 4,128 houses listed
Year-over-year change of 6.0% (average price)
Month-to-month change of 2.1% (average price from February to March)
Average Land Area: 139.40m2
Average Building Area: 112.75m2
Average Age: 26.05 years
Total Inventory
March 2021: 12,239 with an average price of ¥25,160,000
March 2020: 15,141 with an average price of ¥24,080,000
Year-over-year change of 4.5% (average price)
Month-to-month change of 0.8% (average price from February to March)
Average Land Area: 142.88m2
Average Building Area: 201.93m2
Average Age: 27.11 years
Northern Osaka (Hokusetsu Area)
Homes Sold
March 2021: average price of ¥28,090,000 for a total of 86 homes sold
March 2020: average price of ¥28,030,000 for a total of 93 homes sold
Year-over-year change of 0.2% (average price)
Month-to-month change of -7.0% (average price from February to March)
Average Land Area: 138.54m2
Average Building Area: 116.28m2
Average Age: 24.08 years
New Properties Listed
March 2021: average price of ¥35,610,000 for a total of 271 homes sold
March 2020: average price of ¥31,840,000 for a total of 348 homes sold
Year-over-year change of 11.8% (average price)
Month-to-month change of -1.3% (average price from February to March)
Average Land Area: 129.12m2
Average Building Area: 116.78m2
Average Age: 23.09 years
３．Land Sales
Kansai Region
Lots Sold
March 2021: average price of ¥121,200 for a total of 806 lots sold
March 2020: average price of ¥117,400 for a total of 745 lots sold
Year-over-year change of 3.3% price per square meter
Month-to-month change of -2.0% price per square meter (February to March)
March 2021: ¥19,420,000 average price
March 2020: ¥19,290,000 average price
Year-over-year change of 0.7%
Month-to-month change of -5.0% (February to March)
Average Land Area: 160.22m2
New Properties Listed
March 2021: average price of ¥129,400 for a total of 3,132 lots listed
March 2020: average price of ¥141,600 for a total of 4,277 lots listed
Year-over-year change of -8.6% price per square meter
Month-to-month change of -5.9% price per square meter (February to March)
March 2021: ¥21,590,000 average price
March 2020: ¥22,970,000 average price
Year-over-year change of -6.0%
Month-to-month change of -5.5% (February to March)
Average Land Area: 166.81m2
Total Inventory
March 2021: 15,314 total lots at ¥104,100 per square meter
March 2020: 18,609 total lots at ¥109,000 per square meter
Year-over-year change of -4.5% per square meter
Month-to-month change of -0.9% per square meter (February to March)
March 2021: ¥18,260,000 average price
March 2020: ¥18,790,000 average price
Year-over-year change of -2.8%
Month-to-month change of -0.8% (February to March)
Average Land Area: 175.40m2
Northern Osaka (Hokusetsu Area)
Lots Sold
March 2021: ¥196,300 per square meter for a total of 75 lots sold
March 2020: ¥208,700 per square meter for a total of 63 lots sold
Year-over-year change of -5.9% pricer per square meter
Month-to-month change of -7.6% price per square meter (February to March)
March 2021: ¥27,050,000 average price
March 2020: ¥31,170,000 average price
Year-over-year change of -13.2%
Month-to-month change of -16.9% (February to March)
Average Land Area: 137.78m2
New Properties Listed
March 2021: ¥212,700 per square meter for a total of 212 lots sold
March 2020: ¥221,600 per square meter for a total of 422 lots sold
Year-over-year change of -4.0% pricer per square meter
Month-to-month change of 6.3% price per square meter (February to March)
March 2021: ¥32,960,000 average price
March 2020: ¥31,120,000 average price
Year-over-year change of 5.9%
Month-to-month change of 0.2% (February to March)
Average Land Area: 154.98m2
Market Analysis
Condominiums
Data compared to March 2020, March 2021 observed an increase all across the board. An increase in total sales, price per square meter, and average price.
In Osaka City, Chuo-ku and Minato-ku observed increases in every data point tracked in this report for the month of March. No city in Northern Osaka Prefecture observed an increase in every data point.
Overall inventory decreased by a total 317 units compared to February, and a decrease of 2,371 units compared to March 2020.
Osaka Prefecture observed a decrease of a total 101 units compared to February, and a decrease of 974 units compared to March 2020.
The year over year trend continues, for the seventh consecutive month we have observed a decrease in new properties listed. Although, 254 more units were listed as a whole compared to February, and a total of 161 more units in Osaka Prefecture compared to February.
Detached Homes
Similarly to February, detached home sales experienced an increase in every category except total sales (1,092) and average land area (134.71m2), a year to year decrease of 5.8% for total sales, a year to year decrease of 2.1% and a slight month to month decrease.
Osaka Prefecture observed an increase in total number of sales (428), average sales price (¥22,200,000), and average lot and house size.
For the 12th consecutive month, the Kansai Region has observed a year to year decrease new homes to the market. Osaka Prefecture has observed a year to year decrease in new homes for sale 11 months out of the last 12.
Similarly to condominiums, overall inventory decreased by 181 homes (month to month) and a decrease of 2,902 homes (year to year) with percent change in the negative for the 9th consecutive month.
Osaka Prefecture observed a decrease in overall inventory by 73 homes (month to month) and a decrease of 1,109 homes (year to year) with percent change in the negative for the 7th consecutive month.
On a positive note, number of sales are higher when comparing the data to March 2020 (condominiums and land) and similar to the past years data for single family homes.
The data comparison for the month of April should be an interesting data set.
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