Real Estate Sales

The February Report was publish on March 11, 2024 for the real estate sales for the month of February 2024. 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

February 2024: ¥434,200 per square meter a total of 1,415 units sold
February 2023: ¥393,000 per square meter a total of 1,450 units sold
Year-over-year change of 10.5% per square meter
Month-to-month change of -0.4% per square meter (January to February)

February 2024: ¥29,820,000 average price
February 2023: ¥27,110,000 average price
Year-over-year change of 10.0%
Month-to-month change of 1.6% (January to February)
Average Floor Area: 68.67m²
Average Age: 26.03 years

New Properties Listed

February 2024: ¥433,500 per square meter a total of 5,901 units listed
February 2023: ¥437,800 per square meter a total of 5,157 units listed
Year-over-year change of -1.0% per square meter
Month-to-month change of -0.6% per square meter (January to February)

Total Inventory

February 2024: 21,337 total units at ¥425,000 per square meter
February 2023: 18,652 total units at ¥434,900 per square meter
Year-over-year change of -2.3% per square meter
Month-to-month change of -0.4% per square meter (January to February)
Total Inventory year over year change: 14.4%

Osaka City

Units Sold

February 2024: ¥599,200 per square meter a total of 404 units sold
February 2023: ¥540,000 per square meter a total of 303 units sold
Year-over-year change of 11.0% per square meter
Month-to-month change of -3.1% per square meter (January to February)

February 2024: ¥37,580,000 average price
February 2023: ¥33,520,000 average price
Year-over-year change of 12.1%
Month-to-month change of -1.1% (January to February)
Average Floor Area: 62.72m²
Average Age: 23.08 years

New Properties Listed

February 2024: ¥590,900 per square meter a total of 1,838 units listed
February 2023: ¥596,300 per square meter a total of 1,720 units listed
Year-over-year change of -0.9% per square meter
Month-to-month change of -1.0% per square meter (January to February)

February 2024: ¥32,140,000 average price
February 2023: ¥32,320,000 average price
Year-over-year change of 2.2%
Month-to-month change of -0.6% (January to February)
Average Floor Area: 54.39m²
Average Age: 26.02 years

Northern Osaka (Hokusetsu Area)

Units Sold

February 2024: ¥436,900 per square meter a total of 183 units sold
February 2023: ¥382,100 per square meter a total of 172 units sold
Year-over-year change of 14.3% per square meter
Month-to-month change of -1.5% per square meter (January to February)

February 2024: ¥32,970,000 average price
February 2023: ¥28,820,000 average price
Year-over-year change of 14.4%
Month-to-month change of -1.0% (January to February)
Average Floor Area: 75.47m²
Average Age: 26.04 year

New Properties Listed

February 2024: ¥403,000 per square meter a total of 543 units listed
February 2023: ¥429,400 per square meter a total of 431 units listed
Year-over-year change of -6.2% per square meter
Month-to-month change of 1.4% per square meter (January to February)

February 2024: ¥29,350,000 average price
February 2023: ¥31,210,000 average price
Year-over-year change of -6.0%
Month-to-month change of 1.1% (January to February)
Average Floor Area: 72.82m²
Average Age: 32.08 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

February 2024: average price of ¥23,470,000 for a total of 969 homes sold
February 2023: average price of ¥23,940,000 for a total of 827 homes sold
Year-over-year change of -2.0% (average price)
Month-to-month change of -4.1%  (average price from January to February)

Average Land Area: 134.94m²
Average Building Area: 108.28m²
Average Age: 28.01 years

New Homes Listed

February 2024: average price of ¥27,090,000 for a total of 4,187 homes listed
February 2023: average price of ¥27,420,000 for a total of 3,228 homes listed
Year-over-year change of -1.2% (average price)
Month-to-month change of -1.9%  (average price from January to February)

Average Land Area: 137.07m²
Average Building Area: 110.39m²
Average Age: 28.02 years

Total Inventory

February 2024: average price of ¥26,680,000 for a total of 16,325 homes
February 2023: average price of ¥26,750,000 for a total of 13,009 homes
Year-over-year change of -0.2% (average price)
Month-to-month change of 0.5%  (average price from January to February)
Total Inventory year over year change: 25.5%

Average Land Area: 141.18m²
Average Building Area: 110.74m²
Average Age: 29.03 years

Northern Osaka (Hokusetsu Area)

Homes Sold

February 2024: average price of ¥36,530,000 for a total of 78 homes sold
February 2023: average price of ¥33,950,000 for a total of 69 homes sold
Year-over-year change of 7.6% (average price)
Month-to-month change of 3.0%  (average price from January to February)

Average Land Area: 126.61m²
Average Building Area: 110.07m²
Average Age: 24.03 years

New Properties Listed

February 2024: average price of ¥37,520,000 for a total of 270 homes listed
February 2023: average price of ¥36,470,000 for a total of 201 homes listed
Year-over-year change of 2.9% (average price)
Month-to-month change of -5.5%  (average price from January to February)

Average Land Area: 129.38m²
Average Building Area: 115.31m²
Average Age: 23.09 years

３．Land Sales
Kansai Region

Lots Sold

February 2024: average price per square meter of ¥150,000 for a total of 543 lots sold
February 2023: average price per square meter of ¥137,400 for a total of 498 lots sold
Year-over-year change of 9.1% price per square meter
Month-to-month change of 0.1%  price per square meter (January to February)

February 2024: ¥24,010,000 average price
February 2023: ¥22,010,000 average price
Year-over-year change of 9.1%
Month-to-month change of 4.9% (January to February)
Average Land Area: 160.06m²

New Properties Listed

February 2024: average price per square meter of ¥158,700 for a total of 3,013 lots listed
February 2023: average price per square meter of ¥154,800 for a total of 2,546 lots listed
Year-over-year change of 2.5% price per square meter
Month-to-month change of -4.3%  price per square meter (January to February)

February 2024: ¥24,890,000 average price
February 2023: ¥24,880,000 average price
Year-over-year change of 0.0%
Month-to-month change of -4.9% (January to February)
Average Land Area: 156.83m²

Total Inventory

February 2024: 15,761 total lots at ¥124,200 per square meter
February 2023: 13,192 total lots at ¥116,600 per square meter
Year-over-year change of 6.5% per square meter
Month-to-month change of -0.1% per square meter (January to February)
Total Inventory year over year change: 19.5%

February 2024: ¥20,820,000 average price
February 2023: ¥19,700,000 average price
Year-over-year change of 5.7%
Month-to-month change of -0.3% (January to February)
Average Land Area: 167.60m²

Northern Osaka (Hokusetsu Area)

Lots Sold

February 2024: average price per square meter of ¥225,000 for a total of 51 lots sold
February 2023: average price per square meter of ¥214,000 for a total of 36 lots sold
Year-over-year change of 5.1% price per square meter
Month-to-month change of -12.2%  price per square meter (January to February)

February 2024: ¥36,410,000 average price
February 2023: ¥30,050,000 average price
Year-over-year change of 21.2%
Month-to-month change of -1.5% (January to February)
Average Land Area: 161.82m²

New Properties Listed

February 2024: average price per square meter of ¥252,000 for a total of 230 lots listed
February 2023: average price per square meter of ¥260,800 for a total of 168 lots listed
Year-over-year change of -3.4% price per square meter
Month-to-month change of 1.9%  price per square meter (January to February)

February 2024: ¥33,520,000 average price
February 2023: ¥39,550,000 average price
Year-over-year change of -15.2%
Month-to-month change of -8.2% (January to February)
Average Land Area: 133.01m²

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Email: info@remax-apex.com

For the original data in Japanese click here → Kinki