Real Estate Sales

The December Report was publish on December 11, 2023 for the real estate sales for the month of November 2023. 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

November 2023: ¥439,400 per square meter a total of 1,360 units sold
November 2022: ¥394,400 per square meter a total of 1,329 units sold
Year-over-year change of 11.4% per square meter
Month-to-month change of 0.1% per square meter (October to November)

November 2023: ¥29,830,000 average price
November 2022: ¥26,8500,000 average price
Year-over-year change of 11.1%
Month-to-month change of -1.2% (October to November)
Average Floor Area: 67.89m²
Average Age: 25.11 years

New Properties Listed

November 2023: ¥436,200 per square meter a total of 5,310 units listed
November 2022: ¥454,400 per square meter a total of 4,462 units listed
Year-over-year change of -4.0% per square meter
Month-to-month change of 1.1% per square meter (October to November)

Total Inventory

November 2023: 19,946 total units at ¥427,800 per square meter
November 2022: 17,082 total units at ¥439,300 per square meter
Year-over-year change of -2.6% per square meter
Month-to-month change of 0.1% per square meter (October to November)
Total Inventory year over year change: 16.8%

Osaka City

Units Sold

November 2023: ¥617,000 per square meter a total of 428 units sold
November 2022: ¥559,800 per square meter a total of 366 units sold
Year-over-year change of 10.2% per square meter
Month-to-month change of 2.1% per square meter (October to November)

November 2023: ¥38,520,000 average price
November 2022: ¥34,820,000 average price
Year-over-year change of 10.6%
Month-to-month change of 1.1% (October to November)
Average Floor Area: 62.43m²
Average Age: 22.11 years

New Properties Listed

November 2023: ¥606,900 per square meter a total of 1,643 units listed
November 2022: ¥629,200 per square meter a total of 1,637 units listed
Year-over-year change of -3.5% per square meter
Month-to-month change of 6.7% per square meter (October to November)

November 2023: ¥32,540,000 average price
November 2022: ¥33,510,000 average price
Year-over-year change of -2.9%
Month-to-month change of 5.5% (October to November)
Average Floor Area: 53.62m²
Average Age: 25.05 years

Northern Osaka (Hokusetsu Area)

Units Sold

November 2023: ¥418,900 per square meter a total of 170 units sold
November 2022: ¥41,3600 per square meter a total of 153 units sold
Year-over-year change of 1.3% per square meter
Month-to-month change of -1.1% per square meter (October to November)

November 2023: ¥30,570,000 average price
November 2022: ¥30,280,000 average price
Year-over-year change of 1.0%
Month-to-month change of -5.3% (October to November)
Average Floor Area: 72.98m²
Average Age: 27.10 year

New Properties Listed

November 2023: ¥402,900 per square meter a total of 508 units listed
November 2022: ¥397,500 per square meter a total of 375 units listed
Year-over-year change of 1.4% per square meter
Month-to-month change of 2.8% per square meter (October to November)

November 2023: ¥29,380,000 average price
November 2022: ¥29,240,000 average price
Year-over-year change of 0.5%
Month-to-month change of 1.6% (October to November)
Average Floor Area: 72.93m²
Average Age: 32.05 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

November 2023: average price of ¥22,910,000 for a total of 908 homes sold
November 2022: average price of ¥22,700,000 for a total of 872 homes sold
Year-over-year change of 0.9% (average price)
Month-to-month change of -5.2%  (average price from October to November)

Average Land Area: 138.19m²
Average Building Area: 108.09m²
Average Age: 28.10 years

New Homes Listed

November 2023: average price of ¥27,180,000 for a total of 3,745 homes listed
November 2022: average price of ¥26,550,000 for a total of 2,845 homes listed
Year-over-year change of 2.4% (average price)
Month-to-month change of -1.6%  (average price from October to November)

Average Land Area: 137.22m²
Average Building Area: 110.38m²
Average Age: 28.06 years

Total Inventory

November 2023: average price of ¥26,560,000 for a total of 15,401 homes
November 2022: average price of ¥26,520,000 for a total of 11,922 homes
Year-over-year change of 0.1% (average price)
Month-to-month change of 0.9%  (average price from October to November)
Total Inventory year over year change: 29.2%

Average Land Area: 141.00m²
Average Building Area: 110.77m²
Average Age: 29.05 years

Northern Osaka (Hokusetsu Area)

Homes Sold

November 2023: average price of ¥38,440,000 for a total of 60 homes sold
November 2022: average price of ¥32,570,000 for a total of 77 homes sold
Year-over-year change of 18.0% (average price)
Month-to-month change of 15.0%  (average price from October to November)

Average Land Area: 137.85m²
Average Building Area: 112.65m²
Average Age: 20.04 years

New Properties Listed

November 2023: average price of ¥36,670,000 for a total of 248 homes listed
November 2022: average price of ¥37,100,000 for a total of 179 homes listed
Year-over-year change of -1.2% (average price)
Month-to-month change of -11.6%  (average price from October to November)

Average Land Area: 127.99m²
Average Building Area: 112.08m²
Average Age: 26.03 years

３．Land Sales
Kansai Region

Lots Sold

November 2023: average price per square meter of ¥146,800 for a total of 537 lots sold
November 2022: average price per square meter of ¥148,800 for a total of 511 lots sold
Year-over-year change of -1.3% price per square meter
Month-to-month change of -6.4%  price per square meter (October to November)

November 2023: ¥22,840,000 average price
November 2022: ¥24,230,000 average price
Year-over-year change of -5.7%
Month-to-month change of -6.0% (October to November)
Average Land Area: 155.52m²

New Properties Listed

November 2023: average price per square meter of ¥163,300 for a total of 2,945 lots listed
November 2022: average price per square meter of ¥142,100 for a total of 2,669 lots listed
Year-over-year change of 14.9% price per square meter
Month-to-month change of 4.1%  price per square meter (October to November)

November 2023: ¥25,850,000 average price
November 2022: ¥22,670,000 average price
Year-over-year change of 14.0%
Month-to-month change of 3.3% (October to November)
Average Land Area: 158.36m²

Total Inventory

November 2023: 15,324 total lots at ¥122,800 per square meter
November 2022: 12,586 total lots at ¥113,500 per square meter
Year-over-year change of 8.2% per square meter
Month-to-month change of 1.4% per square meter (October to November)
Total Inventory year over year change: 21.8%

November 2023: ¥20,580,000 average price
November 2022: ¥19,110,000 average price
Year-over-year change of 7.7%
Month-to-month change of 1.5% (October to November)
Average Land Area: 167.56m²

Northern Osaka (Hokusetsu Area)

Lots Sold

November 2023: average price per square meter of ¥250,900 for a total of 51 lots sold
November 2022: average price per square meter of ¥185,700 for a total of 47 lots sold
Year-over-year change of 35.1% price per square meter
Month-to-month change of 2.5%  price per square meter (October to November)

November 2023: ¥33,210,000 average price
November 2022: ¥29,290,000 average price
Year-over-year change of 13.4%
Month-to-month change of -6.2% (October to November)
Average Land Area: 132.36m²

New Properties Listed

November 2023: average price per square meter of ¥257,400 for a total of 218 lots listed
November 2022: average price per square meter of ¥243,800 for a total of 141 lots listed
Year-over-year change of 5.6% price per square meter
Month-to-month change of -3.3%  price per square meter (October to November)

November 2023: ¥35,580,000 average price
November 2022: ¥36,620,000 average price
Year-over-year change of -2.8%
Month-to-month change of -8.6% (October to November)
Average Land Area: 138.23m²

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Email: info@remax-apex.com

For the original data in Japanese click here → Kinki