Real Estate Sales
The June Report was publish on June 16, 2021 for the real estate sales for the month of May 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
May 2021: ¥352,000 per square meter a total of 1,435 units sold
May 2020: ¥303,100 per square meter a total of 764 units sold
Year-over-year change of 16.1% per square meter
Month-to-month change of -2.3% per square meter (April to May)
May 2021: ¥24,460,000 average price
May 2020: ¥20,710,000 average price
Year-over-year change of 18.1%
Month-to-month change of -1.3% (April to May)
Average Floor Area: 69.48m2
Average Age: 25.04 years
New Properties Listed
May 2021: ¥410,200 per square meter a total of 4,705 units listed
May 2020: ¥385,600 per square meter a total of 5,481 units listed
Year-over-year change of 6.4% per square meter
Month-to-month change of 3.5% per square meter (April to May)
May 2021: ¥25,140,000 average price
May 2020: ¥24,430,000 average price
Year-over-year change of 2.9%
Month-to-month change of 2.4% (April to May)
Average Floor Area: 61.30m2
Average Age: 24.05 years
Total Inventory
April 2021: 15,071 total units at ¥402,300 per square meter
April 2020: 18,403 total units at ¥376,000 per square meter
Year-over-year change of 6.9% per square meter
Month-to-month change of 1.4% per square meter (April to May)
Total Inventory year over year change: -17.6%
Osaka City
Units Sold
May 2021: ¥474,600 per square meter a total of 367 units sold
May 2020: ¥416,700 per square meter a total of 190 units sold
Year-over-year change of 13.9% per square meter
Month-to-month change of -5.9% per square meter (April to May)
May 2021: ¥30,570,000 average price
May 2020: ¥26,600,000 average price
Year-over-year change of 14.9%
Month-to-month change of -5.9% (April to May)
Average Floor Area: 64.42m2
Average Age: 23.10 years
New Properties Listed
May 2021: ¥563,000 per square meter a total of 1,665 units listed
May 2020: ¥517,500 per square meter a total of 1,918 units listed
Year-over-year change of 8.8% per square meter
Month-to-month change of 5.5% per square meter (April to May)
May 2021: ¥27,470,000 average price
May 2020: ¥27,180,000 average price
Year-over-year change of 1.1%
Month-to-month change of 3.4% (April to May)
Average Floor Area: 48.79m2
Average Age: 21.03 years
Northern Osaka (Hokusetsu Area)
Units Sold
May 2021: ¥358,100 per square meter a total of 160 units sold
May 2020: ¥295,700 per square meter a total of 74 units sold
Year-over-year change of 21.1% per square meter
Month-to-month change of -6.1% per square meter (April to May)
May 2021: ¥27,020,000 average price
May 2020: ¥23,900,000 average price
Year-over-year change of 20.7%
Month-to-month change of -4.5% (April to May)
Average Floor Area: 75.43m2
Average Age: 25.04 years
New Properties Listed
May 2021: ¥373,300 per square meter a total of 415 units listed
May 2020: ¥340,300 per square meter a total of 584 units listed
Year-over-year change of 9.7% per square meter
Month-to-month change of -0.6% per square meter (April to May)
May 2021: ¥28,500,000 average price
May 2020: ¥25,730,000 average price
Year-over-year change of 10.8%
Month-to-month change of 0.9% (April to May)
Average Floor Area: 76.35m2
Average Age: 26.09 years
２．House Sales (Detached Homes)
Kansai Region
Homes Sold
May 2021: average price of ¥20,490,000 for a total of 896 homes sold
May 2020: average price of ¥18,660,000 for a total of 681 homes sold
Year-over-year change of 9.8% (average price)
Month-to-month change of 2.3% (average price from April to May)
Average Land Area: 133.87m2
Average Building Area: 105.78m2
Average Age: 26.02 years
New Homes Listed
May 2021: average price of ¥25,230,000 for a total of 3,194 homes listed
May 2020: average price of ¥25,410,000 for a total of 3,453 homes listed
Year-over-year change of -0.7% (average price)
Month-to-month change of -3.5% (average price from April to May)
Average Land Area: 138.77m2
Average Building Area: 110.64m2
Average Age: 26.08 years
Total Inventory
May 2021: average price of ¥25,180,000 for a total of 11,916 homes
May 2020: average price of ¥24,060,000 for a total of 14,683 homes
Year-over-year change of 4.6% (average price)
Month-to-month change of 0.1% (average price from April to May)
Average Land Area: 141.88m2
Average Building Area: 195.88m2
Average Age: 27.09 years
Northern Osaka (Hokusetsu Area)
Homes Sold
May 2021: average price of ¥29,650,000 for a total of 79 homes sold
May 2020: average price of ¥26,860,000 for a total of 48 homes sold
Year-over-year change of 10.4% (average price)
Month-to-month change of -1.4% (average price from April to May)
Average Land Area: 123.42m2
Average Building Area: 109.39m2
Average Age: 22.05 years
New Properties Listed
May 2021: average price of ¥33,060,000 for a total of 261 homes listed
May 2020: average price of ¥31,180,000 for a total of 269 homes listed
Year-over-year change of 2.7% (average price)
Month-to-month change of -13.4% (average price from April to May)
Average Land Area: 131.98m2
Average Building Area: 114.27m2
Average Age: 24.02 years
３．Land Sales
Kansai Region
Lots Sold
May 2021: average price per square meter of ¥116,500 for a total of 644 lots sold
May 2020: average price per square meter of ¥113,900 for a total of 425 lots sold
Year-over-year change of 2.3% price per square meter
Month-to-month change of -4.7% price per square meter (April to May)
May 2021: ¥18,610,000 average price
May 2020: ¥18,400,000 average price
Year-over-year change of 1.1%
Month-to-month change of -6.6% (April to May)
Average Land Area: 159.71m2
New Properties Listed
May 2021: average price per square meter of ¥124,200 for a total of 2,886 lots listed
May 2020: average price per square meter of ¥134,300 for a total of 3,780 lots listed
Year-over-year change of -7.5% price per square meter
Month-to-month change of -4.5% price per square meter (April to May)
May 2021: ¥20,870,000 average price
May 2020: ¥22,500,000 average price
Year-over-year change of -7.%3
Month-to-month change of -3.9% (April to May)
Average Land Area: 168.02m2
Total Inventory
April 2021: 14,503 total lots at ¥100,200 per square meter
April 2020: 18,513 total lots at ¥108,900 per square meter
Year-over-year change of -7.9% per square meter
Month-to-month change of -2.3% per square meter (April to May)
May 2021: ¥17,660,000 average price
May 2020: ¥18,810,000 average price
Year-over-year change of -6.1%
Month-to-month change of -1.9% (April to May)
Average Land Area: 176.25m2
Northern Osaka (Hokusetsu Area)
Lots Sold
May 2021: average price per square meter of ¥216,600 for a total of 53 lots sold
May 2020: average price per square meter of ¥178,100 for a total of 50 lots sold
Year-over-year change of 21.6% price per square meter
Month-to-month change of 12.4% price per square meter (April to May)
May 2021: ¥30,510,000 average price
May 2020: ¥25,000,000 average price
Year-over-year change of 22.0%
Month-to-month change of 10.0% (April to May)
Average Land Area: 140.88m2
New Properties Listed
May 2021: average price per square meter of ¥201,200 for a total of 171 lots listed
May 2020: average price per square meter of ¥212,600 for a total of 352 lots listed
Year-over-year change of -5.3% price per square meter
Month-to-month change of 5.6% price per square meter (April to May)
May 2021: ¥31,300,000 average price
May 2020: ¥32,000,000 average price
Year-over-year change of -2.2%
Month-to-month change of 8.6% (April to May)
Average Land Area: 155.53m2
Market Analysis
Condominiums
Similary to last month, data compared to May 2020, May 2021 observed an increase all across the board. An increase in total sales, price per square meter, and average price.
In Osaka City, Fukushima-ku, Konohana-ku, Minato-ku, and Higashi Suminoe-ku observed increases in every data point tracked in this report for the month of March.
Overall inventory continues the decreasing trend, decreased by a total 182 units compared to April, and a decrease of 3,332 units compared to May 2020.
Osaka Prefecture observed a decrease of a total 70 units compared to April, and a decrease of 1,537 units compared to May 2020.
The year over year trend continues, for the ninth consecutive month we have observed a decrease in new properties listed. An increase of 35 units as a whole were listed compared to April, and a total of 18 more units in Osaka Prefecture compared to April.
Detached Homes
In May, detached home sales experienced a year over year increase in almost every category, excluded average lot and house size.
Osaka Prefecture observed an increase in total number of sales (349) and average sales price (¥21,310,000) compared to May 2020.
For the 14th 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 13 out of the last 14 months.
The number of contracts for pre-owned detached houses in the Kinki region was 896, a significant increase of 31.6% from the previous year, exceeding the same month last year following April. As with pre-owned condominiums, there was a reaction to the pandemic, which decreased significantly in the same month of the previous year, but compared to May 2019 (731 cases) in the same month of the year before last, it increased by 22.6%, already exceeding the level before the 2020 pandemic.
Overall inventory has seen a year over year decline for the 11th consecutive month.
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