Real Estate Sales

The March Report was publish on April 9, 2024 for the real estate sales for the month of March 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

March 2024: ¥442,100 per square meter a total of 1,797 units sold
March 2023: ¥411,100 per square meter a total of 1,623 units sold
Year-over-year change of 7.5% per square meter
Month-to-month change of 1.8% per square meter (February to March)

March 2024: ¥30,340,000 average price
March 2023: ¥27,850,000 average price
Year-over-year change of 8.9%
Month-to-month change of 1.8% (February to March)
Average Floor Area: 68.64m²
Average Age: 26.04 years

New Properties Listed

March 2024: ¥442,700 per square meter a total of 5,973 units listed
March 2023: ¥440,900 per square meter a total of 5,364 units listed
Year-over-year change of 0.4% per square meter
Month-to-month change of 2.1% per square meter (February to March)

Total Inventory

March 2024: 21,119 total units at ¥427,100 per square meter
March 2023: 18,779 total units at ¥433,300 per square meter
Year-over-year change of -1.4% per square meter
Month-to-month change of 0.5% per square meter (February to March)
Total Inventory year over year change: 12.5%

Osaka City

Units Sold

March 2024: ¥646,300 per square meter a total of 503 units sold
March 2023: ¥567,400 per square meter a total of 427 units sold
Year-over-year change of 13.9% per square meter
Month-to-month change of 7.9% per square meter (February to March)

March 2024: ¥41,040,000 average price
March 2023: ¥34,370,000 average price
Year-over-year change of 19.4%
Month-to-month change of 9.2% (February to March)
Average Floor Area: 63.50m²
Average Age: 21.09 years

New Properties Listed

March 2024: ¥620,500 per square meter a total of 1,876 units listed
March 2023: ¥601,000 per square meter a total of 1,720 units listed
Year-over-year change of 3.2% per square meter
Month-to-month change of 5.0% per square meter (February to March)

March 2024: ¥32,350,000 average price
March 2023: ¥32,260,000 average price
Year-over-year change of 0.3%
Month-to-month change of 0.7% (February to March)
Average Floor Area: 52.13m²
Average Age: 26.03 years

Northern Osaka (Hokusetsu Area)

March 2024: ¥423,500 per square meter a total of 221 units sold
March 2023: ¥411,400 per square meter a total of 186 units sold
Year-over-year change of 2.9% per square meter
Month-to-month change of -3.1% per square meter (February to March)

March 2024: ¥31,320,000 average price
March 2023: ¥31,070,000 average price
Year-over-year change of 0.8%
Month-to-month change of -5.0% (February to March)
Average Floor Area: 73.96m²
Average Age: 27.04 year

New Properties Listed

March 2024: ¥402,600 per square meter a total of 555 units listed
March 2023: ¥423,700 per square meter a total of 450 units listed
Year-over-year change of -5.0% per square meter
Month-to-month change of -0.1% per square meter (February to March)

February 2024: ¥29,180,000 average price
February 2023: ¥30,840,000 average price
Year-over-year change of -5.4%
Month-to-month change of -0.6% (February to March)
Average Floor Area: 72.47m²
Average Age: 32.05 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

March 2024: average price of ¥24,100,000 for a total of 1,202 homes sold
March 2023: average price of ¥23,630,000 for a total of 972 homes sold
Year-over-year change of 2.0% (average price)
Month-to-month change of 2.7%  (average price from February to March)

Average Land Area: 136.19m²
Average Building Area: 110.22m²
Average Age: 27.01 years

New Homes Listed

March 2024: average price of ¥26,750,000 for a total of 4,241 homes listed
March 2023: average price of ¥27,740,000 for a total of 3,419 homes listed
Year-over-year change of 0.1% (average price)
Month-to-month change of -1.2%  (average price from February to March)

Average Land Area: 139.39m²
Average Building Area: 110.83m²
Average Age: 28.10 years

Total Inventory

March 2024: average price of ¥26,440,000 for a total of 16,485 homes
March 2023: average price of ¥26,410,000 for a total of 13,244 homes
Year-over-year change of 0.1% (average price)
Month-to-month change of -0.9%  (average price from February to March)
Total Inventory year over year change: 24.5%

Average Land Area: 141.18m²
Average Building Area: 110.56m²
Average Age: 29.06 years

Northern Osaka (Hokusetsu Area)

Homes Sold

March 2024: average price of ¥38,210,000 for a total of 83 homes sold
March 2023: average price of ¥34,770,000 for a total of 75 homes sold
Year-over-year change of 9.9% (average price)
Month-to-month change of 4.6%  (average price from February to March)

Average Land Area: 136.53m²
Average Building Area: 117.78m²
Average Age: 22.00 years

New Properties Listed

March 2024: average price of ¥39,960,000 for a total of 278 homes listed
March 2023: average price of ¥34,630,000 for a total of 230 homes listed
Year-over-year change of 15.4% (average price)
Month-to-month change of 6.5%  (average price from February to March)

Average Land Area: 135.92m²
Average Building Area: 118.00m²
Average Age: 26.04 years

３．Land Sales
Kansai Region

Lots Sold

March 2024: average price per square meter of ¥152,400 for a total of 717 lots sold
March 2023: average price per square meter of ¥143,800 for a total of 621 lots sold
Year-over-year change of 6.0% price per square meter
Month-to-month change of 1.6%  price per square meter (February to March)

March 2024: ¥24,450,000 average price
March 2023: ¥22,740,000 average price
Year-over-year change of 7.5%
Month-to-month change of 1.8% (February to March)
Average Land Area: 160.43m²

New Properties Listed

March 2024: average price per square meter of ¥155,700 for a total of 3,256 lots listed
March 2023: average price per square meter of ¥156,700 for a total of 3,160 lots listed
Year-over-year change of -0.6% price per square meter
Month-to-month change of -1.9%  price per square meter (February to March)

March 2024: ¥24,280,000 average price
March 2023: ¥24,220,000 average price
Year-over-year change of 0.3%
Month-to-month change of -2.4% (February to March)
Average Land Area: 155.95m²

Total Inventory

March 2024: 15,818 total lots at ¥123,200 per square meter
March 2023: 13,632 total lots at ¥119,900 per square meter
Year-over-year change of 12.32% per square meter
Month-to-month change of 2.8% per square meter (February to March)
Total Inventory year over year change: 16.0%

March 2024: ¥20,570,000 average price
March 2023: ¥20,030,000 average price
Year-over-year change of 2.7%
Month-to-month change of -1.2% (February to March)
Average Land Area: 166.89m²

Northern Osaka (Hokusetsu Area)

Lots Sold

March 2024: average price per square meter of ¥229,400 for a total of 62 lots sold
March 2023: average price per square meter of ¥252,000 for a total of 63 lots sold
Year-over-year change of -9.0% price per square meter
Month-to-month change of 1.9%  price per square meter (February to March)

March 2024: ¥31,930,000 average price
March 2023: ¥37,100,000 average price
Year-over-year change of -13.9%
Month-to-month change of -12.3% (February to March)
Average Land Area: 139.20m²

New Properties Listed

March 2024: average price per square meter of ¥246,100 for a total of 223 lots listed
March 2023: average price per square meter of ¥255,300 for a total of 175 lots listed
Year-over-year change of -3.6% price per square meter
Month-to-month change of -2.3%  price per square meter (February to March)

March 2024: ¥35,710,000 average price
March 2023: ¥37,730,000 average price
Year-over-year change of -5.4%
Month-to-month change of 6.6% (February to March)
Average Land Area: 145.13m²

For additional information please contact us here
Email: info@remax-apex.com

For the original data in Japanese click here → Kinki REINS