Real Estate Sales

The January Report was publish on January 15, 2024 for the real estate sales for the month of December 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

December 2023: ¥443,600 per square meter a total of 1,304 units sold
December 2022: ¥396,900 per square meter a total of 1,267 units sold
Year-over-year change of 11.8% per square meter
Month-to-month change of 1.0% per square meter (November to December)

December 2023: ¥30,090,000 average price
December 2022: ¥27,310,000 average price
Year-over-year change of 10.2%
Month-to-month change of 0.9% (November to December)
Average Floor Area: 67.84m²
Average Age: 26.02 years

New Properties Listed

December 2023: ¥448,900 per square meter a total of 5,081 units listed
December 2022: ¥435,900 per square meter a total of 4,492 units listed
Year-over-year change of 3.0% per square meter
Month-to-month change of 2.9% per square meter (November to December)

Total Inventory

December 2023: 20,009 total units at ¥429,700 per square meter
December 2022: 17,334 total units at ¥437,000 per square meter
Year-over-year change of -1.7% per square meter
Month-to-month change of 0.4% per square meter (November to December)
Total Inventory year over year change: 15.4%

Osaka City

Units Sold

December 2023: ¥623,500 per square meter a total of 401 units sold
December 2022: ¥547,000 per square meter a total of 350 units sold
Year-over-year change of 14.0% per square meter
Month-to-month change of 1.0% per square meter (November to December)

December 2023: ¥38,830,000 average price
December 2022: ¥33,910,000 average price
Year-over-year change of 14.5%
Month-to-month change of 0.8% (November to December)
Average Floor Area: 62.28m²
Average Age: 23.05 years

New Properties Listed

December 2023: ¥626,100 per square meter a total of 1,630 units listed
December 2022: ¥575,400 per square meter a total of 1,629 units listed
Year-over-year change of 8.8% per square meter
Month-to-month change of 3.2% per square meter (November to December)

December 2023: ¥34,760,000 average price
December 2022: ¥30,680,000 average price
Year-over-year change of 13.3%
Month-to-month change of 6.8% (November to December)
Average Floor Area: 53.53m²
Average Age: 26.02 years

Northern Osaka (Hokusetsu Area)

Units Sold

December 2023: ¥409,900 per square meter a total of 144 units sold
December 2022: ¥395,700 per square meter a total of 153 units sold
Year-over-year change of 3.6% per square meter
Month-to-month change of -2.1% per square meter (November to December)

December 2023: ¥29,330,000 average price
December 2022: ¥30,120,000 average price
Year-over-year change of -2.6%
Month-to-month change of -4.0% (November to December)
Average Floor Area: 71.55m²
Average Age: 27.10 year

New Properties Listed

December 2023: ¥414,600 per square meter a total of 468 units listed
December 2022: ¥406,300 per square meter a total of 378 units listed
Year-over-year change of 2.0% per square meter
Month-to-month change of 2.9% per square meter (November to December)

December 2023: ¥30,510,000 average price
December 2022: ¥30,980,000 average price
Year-over-year change of -1.5%
Month-to-month change of 3.8% (November to December)
Average Floor Area: 73.60m²
Average Age: 30.04 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

December 2023: average price of ¥22,710,000 for a total of 892 homes sold
December 2022: average price of ¥22,790,000 for a total of 804 homes sold
Year-over-year change of -0.3% (average price)
Month-to-month change of -0.9%  (average price from November to December)

Average Land Area: 137.14m²
Average Building Area: 108.03m²
Average Age: 29.03 years

New Homes Listed

December 2023: average price of ¥26,920,000 for a total of 3,494 homes listed
December 2022: average price of ¥27,480,000 for a total of 2,765 homes listed
Year-over-year change of -2.0% (average price)
Month-to-month change of -0.9%  (average price from November to December)

Average Land Area: 139.89m²
Average Building Area: 114.25m²
Average Age: 28.01 years

Total Inventory

December 2023: average price of ¥26,510,000 for a total of 15,516 homes
December 2022: average price of ¥26,420,000 for a total of 11,988 homes
Year-over-year change of 0.3% (average price)
Month-to-month change of -0.2%  (average price from November to December)
Total Inventory year over year change: 29.4%

Average Land Area: 141.23m²
Average Building Area: 111.40m²
Average Age: 29.04 years

Northern Osaka (Hokusetsu Area)

Homes Sold

December 2023: average price of ¥29,750,000 for a total of 69 homes sold
December 2022: average price of ¥32,420,000 for a total of 56 homes sold
Year-over-year change of -8.2% (average price)
Month-to-month change of -22.6%  (average price from November to December)

Average Land Area: 122.26m²
Average Building Area: 114.40m²
Average Age: 27.04 years

New Properties Listed

December 2023: average price of ¥38,300,000 for a total of 237 homes listed
December 2022: average price of ¥41,100,000 for a total of 175 homes listed
Year-over-year change of -6.8% (average price)
Month-to-month change of 4.4%  (average price from November to December)

Average Land Area: 136.36m²
Average Building Area: 116.98m²
Average Age: 25.10 years

３．Land Sales
Kansai Region

Lots Sold

December 2023: average price per square meter of ¥154,000 for a total of 565 lots sold
December 2022: average price per square meter of ¥140,000 for a total of 464 lots sold
Year-over-year change of 10.0% price per square meter
Month-to-month change of 4.9%  price per square meter (November to December)

December 2023: ¥24,570,000 average price
December 2022: ¥22,230,000 average price
Year-over-year change of 10.6%
Month-to-month change of 7.6% (November to December)
Average Land Area: 159.59m²

New Properties Listed

December 2023: average price per square meter of ¥158,000 for a total of 2,618 lots listed
December 2022: average price per square meter of ¥144,800 for a total of 2,127 lots listed
Year-over-year change of 9.2% price per square meter
Month-to-month change of -3.2%  price per square meter (November to December)

December 2023: ¥25,290,000 average price
December 2022: ¥23,320,000 average price
Year-over-year change of 8.5%
Month-to-month change of -2.2% (November to December)
Average Land Area: 160.04m²

Total Inventory

December 2023: 15,234 total lots at ¥122,900 per square meter
December 2022: 12,553 total lots at ¥113,100 per square meter
Year-over-year change of 8.6% per square meter
Month-to-month change of 0.0% per square meter (November to December)
Total Inventory year over year change: 21.4%

November 2023: ¥20,640,000 average price
November 2022: ¥19,040,000 average price
Year-over-year change of 8.4%
Month-to-month change of 0.3% (November to December)
Average Land Area: 167.97m²

Northern Osaka (Hokusetsu Area)

Lots Sold

December 2023: average price per square meter of ¥225,400 for a total of 61 lots sold
December 2022: average price per square meter of ¥215,300 for a total of 41 lots sold
Year-over-year change of 4.7% price per square meter
Month-to-month change of -10.2%  price per square meter (November to December)

December 2023: ¥35,480,000 average price
December 2022: ¥30,930,000 average price
Year-over-year change of 14.7%
Month-to-month change of 6.8% (November to December)
Average Land Area: 157.43m²

New Properties Listed

December 2023: average price per square meter of ¥263,700 for a total of 204 lots listed
December 2022: average price per square meter of ¥262,700 for a total of 141 lots listed
Year-over-year change of 0.4% price per square meter
Month-to-month change of 2.5%  price per square meter (November to December)

December 2023: ¥38,660,000 average price
December 2022: ¥39,090,000 average price
Year-over-year change of -1.1%
Month-to-month change of 8.7% (November to December)
Average Land Area: 146.60m²

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Email: info@remax-apex.com

For the original data in Japanese click here → Kinki