Real Estate Sales
The May Report was publish on May 19, 2021 for the real estate sales for the month of April 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
April 2021: ¥360,300 per square meter a total of 1,413 units sold
April 2020: ¥325,300 per square meter a total of 922 units sold
Year-over-year change of 10.8% per square meter
Month-to-month change of 1.5% per square meter (March to April)
April 2021: ¥24,780,000 average price
April 2020: ¥22,180,000 average price
Year-over-year change of 11.8%
Month-to-month change of -0.7% (March to April)
Average Floor Area: 68.78m2
Average Age: 25.02 years
New Properties Listed
April 2021: ¥396,300 per square meter a total of 4,670 units listed
April 2020: ¥384,000 per square meter a total of 5,007 units listed
Year-over-year change of 3.2% per square meter
Month-to-month change of -0.8% per square meter (March to April)
April 2021: ¥24,550,000 average price
April 2020: ¥24,380,000 average price
Year-over-year change of 0.7%
Month-to-month change of -1.9% (March to April)
Average Floor Area: 61.96m2
Average Age: 25.00 years
Total Inventory
April 2021: 15,253 total units at ¥396,900 per square meter
April 2020: 18,023 total units at ¥372,800 per square meter
Year-over-year change of 6.4% per square meter
Month-to-month change of 0.8% per square meter (February to March)
Total Inventory year over year change: -15.4%
Osaka City
Units Sold
April 2021: ¥504,100 per square meter a total of 351 units sold
April 2020: ¥463,900 per square meter a total of 214 units sold
Year-over-year change of 8.7% per square meter
Month-to-month change of 3.7% per square meter (March to April)
April 2021: ¥32,500,000 average price
April 2020: ¥28,510,000 average price
Year-over-year change of 14.0%
Month-to-month change of 0.0% (March to April)
Average Floor Area: 64.47m2
Average Age: 23.00 years
New Properties Listed
April 2021: ¥533,700 per square meter a total of 1,675 units listed
April 2020: ¥519,000 per square meter a total of 1,736 units listed
Year-over-year change of 2.8% per square meter
Month-to-month change of -3.3% per square meter (March to April)
April 2021: ¥26,560,000 average price
April 2020: ¥27,630,000 average price
Year-over-year change of -3.9%
Month-to-month change of -5.6% (March to April)
Average Floor Area: 49.76m2
Average Age: 22.01 years
Northern Osaka (Hokusetsu Area)
Units Sold
April 2021: ¥381,600 per square meter a total of 159 units sold
April 2020: ¥338,400 per square meter a total of 107 units sold
Year-over-year change of 12.8% per square meter
Month-to-month change of 4.2% per square meter (March to April)
April 2021: ¥28,280,000 average price
April 2020: ¥24,690,000 average price
Year-over-year change of 14.6%
Month-to-month change of 3.0% (March to April)
Average Floor Area: 74.11m2
Average Age: 26.01 years
New Properties Listed
April 2021: ¥375,600 per square meter a total of 420 units listed
April 2020: ¥345,100 per square meter a total of 516 units listed
Year-over-year change of 8.8% per square meter
Month-to-month change of 6.9% per square meter (March to April)
April 2021: ¥28,230,000 average price
April 2020: ¥25,880,000 average price
Year-over-year change of 9.1%
Month-to-month change of 5.1% (March to April)
Average Floor Area: 75.16m2
Average Age: 26.08 years
２．House Sales (Detached Homes)
Kansai Region
Homes Sold
April 2021: average price of ¥20,020,000 for a total of 903 homes sold
April 2020: average price of ¥18,800,000 for a total of 682 homes sold
Year-over-year change of 6.5% (average price)
Month-to-month change of -6.8% (average price from March to April)
Average Land Area: 134.35m2
Average Building Area: 105.43m2
Average Age: 27.01 years
New Homes Listed
April 2021: average price of ¥26,150,000 for a total of 3,092 houses listed
April 2020: average price of ¥25,150,000 for a total of 3,323 houses listed
Year-over-year change of 4.0% (average price)
Month-to-month change of -1.4% (average price from March to April)
Average Land Area: 138.95m2
Average Building Area: 111.62m2
Average Age: 26.04 years
Total Inventory
April 2021: 12,057 with an average price of ¥25,150,000
April 2020: 14,917 with an average price of ¥23,990,000
Year-over-year change of 4.8% (average price)
Month-to-month change of -0.0% (average price from March to April)
Total Inventory year over year change: -19.2%
Average Land Area: 142.43m2
Average Building Area: 120.26m2
Average Age: 27.09 years
Northern Osaka (Hokusetsu Area)
Homes Sold
April 2021: average price of ¥30,080,000 for a total of 68 homes sold
April 2020: average price of ¥25,400,000 for a total of 54 homes sold
Year-over-year change of 18.4% (average price)
Month-to-month change of 7.1% (average price from March to April)
Average Land Area: 126.11m2
Average Building Area: 109.16m2
Average Age: 21.11 years
New Properties Listed
April 2021: average price of ¥38,180,000 for a total of 238 homes sold
April 2020: average price of ¥35,590,000 for a total of 238 homes sold
Year-over-year change of 7.3% (average price)
Month-to-month change of 7.2% (average price from March to April)
Average Land Area: 137.07m2
Average Building Area: 117.94m2
Average Age: 22.04 years
３．Land Sales
Kansai Region
Lots Sold
April 2021: average price per square meter of ¥122,300 for a total of 655 lots sold
April 2020: average price per square meter of ¥116,100 for a total of 476 lots sold
Year-over-year change of 5.3% price per square meter
Month-to-month change of 0.9% price per square meter (March to April)
April 2021: ¥19,930,000 average price
April 2020: ¥18,490,000 average price
Year-over-year change of 7.8%
Month-to-month change of 2.6% (March to April)
Average Land Area: 162.95m2
New Properties Listed
April 2021: average price per square meter of ¥130,100 for a total of 2,859 lots listed
April 2020: average price per square meter of ¥130,700 for a total of 3,770 lots listed
Year-over-year change of -0.5% price per square meter
Month-to-month change of 0.5% price per square meter (March to April)
April 2021: ¥21,730,000 average price
April 2020: ¥21,370,000 average price
Year-over-year change of 1.7%
Month-to-month change of 0.6% (March to April)
Average Land Area: 167.01m2
Total Inventory
April 2021: 14,895 total lots at ¥102,600 per square meter
April 2020: 18,564 total lots at ¥108,400 per square meter
Year-over-year change of -5.4% per square meter
Month-to-month change of -1.5% per square meter (March to April)
April 2021: ¥18,000,000 average price
April 2020: ¥18,660,000 average price
Year-over-year change of -3.6%
Month-to-month change of -1.4% (March to April)
Average Land Area: 175.49m2
Northern Osaka (Hokusetsu Area)
Lots Sold
April 2021: average price per square meter of ¥192,600 for a total of 47 lots sold
April 2020: average price per square meter of ¥190,600 for a total of 45 lots sold
Year-over-year change of 1.1% price per square meter
Month-to-month change of -1.9% price per square meter (March to April)
April 2021: ¥27,730,000 average price
April 2020: ¥25,420,000 average price
Year-over-year change of 9.1%
Month-to-month change of 2.5% (March to April)
Average Land Area: 143.92m2
New Properties Listed
April 2021: average price per square meter of ¥190,600 for a total of 195 lots listed
April 2020: average price per square meter of ¥211,100 for a total of 335 lots listed
Year-over-year change of -9.7% price per square meter
Month-to-month change of -10.4% price per square meter (March to April)
April 2021: ¥28,820,000 average price
April 2020: ¥30,080,000 average price
Year-over-year change of -4.2%
Month-to-month change of -12.6% (March to April)
Average Land Area: 151.27m2
Market Analysis
Condominiums
Data compared to April 2020, April 2021 observed an increase all across the board. An increase in total sales, price per square meter, and average price.
As expected, the total number of sales would increase a fare amount considering April 2020 was the initial lock down in Japan. For comparisons sake, the total number of sales in April 2019 was 1,597 units compared to 1,413 units for April 2021.
In Osaka City, Nishi-ku, Abeno-ku, Suminoe-ku, and Higashi Suminoe-ku observed increases in every data point tracked in this report for the month of March. Only Ibaraki City in Northern Osaka Prefecture observed an increase in every data point.
Overall inventory decreased by a total 236 units compared to March, and a decrease of 2,770 units compared to April 2020.
Osaka Prefecture observed a decrease of a total 141 units compared to March, and a decrease of 1,175 units compared to April 2020.
The year over year trend continues, for the eight consecutive month we have observed a decrease in new properties listed. 573 less units were listed as a whole compared to March, and a total of 358 less units in Osaka Prefecture compared to March.
Detached Homes
In April, detached home sales experienced an year over year increase in every category.
Osaka Prefecture observed an increase in total number of sales (353), average sales price (¥21,880,000), and average lot and house size.
For the 13th 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 12months out of the last 13.
Similarly to condominiums, overall inventory decreased by 182 homes (month to month) and a decrease of 2,860 homes (year to year) with percent change in the negative for the 10th consecutive month.
Osaka Prefecture observed a decrease in overall inventory by 36 homes (month to month) and a decrease of 1,053 homes (year to year) with percent change in the negative for the 8th consecutive month.
For Pre-COVID comparisons, the total number of sales for single family homes in April 2019 was 1,097 homes compared to 903 homes in April 2021.
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