Real Estate Sales

The May Report was publish on May 13, 2024 for the real estate sales for the month of April 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.

Crevia Tower Osaka Honmachi (sold)

1.Condominium Sales
Kansai Region

Units Sold

April 2024: ¥442,800 per square meter a total of 1,500 units sold
April 2023: ¥399,10 per square meter a total of 1,390 units sold
Year-over-year change of 11.0% per square meter
Month-to-month change of 0.2% per square meter (March to April)

March 2024: ¥30,410,000 average price
March 2023: ¥27,300,000 average price
Year-over-year change of 11.4%
Month-to-month change of 0.2% (March to April)
Average Floor Area: 68.68m2
Average Age: 25.11 years

New Properties Listed

April 2024: ¥446,500 per square meter a total of 5,847 units listed
April 2023: ¥442,200 per square meter a total of 5,360 units listed
Year-over-year change of 1.0% per square meter
Month-to-month change of 0.8% per square meter (March to April)

Total Inventory

April 2024: 20,906 total units at ¥427,600 per square meter
April 2023: 18,749 total units at ¥433,400 per square meter
Year-over-year change of -1.3% per square meter
Month-to-month change of 0.1% per square meter (March to April)
Total Inventory year over year change: 11.5%

Osaka City

Units Sold

April 2024: ¥638,600 per square meter a total of 448 units sold
April 2023: ¥577,500 per square meter a total of 358 units sold
Year-over-year change of 10.6% per square meter
Month-to-month change of -1.2% per square meter (March to April)

April 2024: ¥40,090,000 average price
April 2023: ¥35,740,000 average price
Year-over-year change of 12.2%
Month-to-month change of -2.3% (March to April)
Average Floor Area: 62.78m2
Average Age: 23.00 years

New Properties Listed

April 2024: ¥633,300 per square meter a total of 1,821 units listed
April 2023: ¥576,400 per square meter a total of 1,814 units listed
Year-over-year change of 9.9% per square meter
Month-to-month change of 2.1% per square meter (March to April)

April 2024: ¥33,840,000 average price
April 2023: ¥30,510,000 average price
Year-over-year change of 10.9%
Month-to-month change of 4.6% (March to April)
Average Floor Area: 53.44m2
Average Age: 25.07 years

Northern Osaka (Hokusetsu Area)

April 2024: ¥418,500 per square meter a total of 183 units sold
April 2023: ¥407,400 per square meter a total of 174 units sold
Year-over-year change of 2.7% per square meter
Month-to-month change of -1.2% per square meter (March to April)

April 2024: ¥30,990,000 average price
April 2023: ¥29,910,000 average price
Year-over-year change of 3.6%
Month-to-month change of -1.1% (March to April)
Average Floor Area: 74.04m2
Average Age: 26.08 year

New Properties Listed

April 2024: ¥452,300 per square meter a total of 539 units listed
April 2023: ¥417,200 per square meter a total of 504 units listed
Year-over-year change of 8.4% per square meter
Month-to-month change of 12.3% per square meter (March to April)

April 2024: ¥33,530,000 average price
April 2023: ¥31,020,000 average price
Year-over-year change of 8.1%
Month-to-month change of 14.9% (March to April)
Average Floor Area: 74.14m2
Average Age: 30.02 years

2 Chome Tenmabashi, Osaka City (sold)

2.House Sales (Detached Homes)
Kansai Region

Homes Sold

April 2024: average price of ¥23,820,000 for a total of 973 homes sold
April 2023: average price of ¥22,140,000 for a total of 910 homes sold
Year-over-year change of 7.6% (average price)
Month-to-month change of -1.2%  (average price from March to April)

Average Land Area: 136.07m2
Average Building Area: 109.70m2
Average Age: 26.08 years

New Homes Listed

April 2024: average price of ¥26,720,000 for a total of 3,214 homes listed
April 2023: average price of ¥27,030,000 for a total of 3,436 homes listed
Year-over-year change of -1.1% (average price)
Month-to-month change of -0.1%  (average price from March to April)

Average Land Area: 137.99m2
Average Building Area: 111.64m2
Average Age: 28.09 years

Total Inventory

April 2024: average price of ¥26,180,000 for a total of 16,608 homes
April 2023: average price of ¥26,360,000 for a total of 13,368 homes
Year-over-year change of -0.7% (average price)
Month-to-month change of -1.0%  (average price from March to April)
Total Inventory year over year change: 24.2%

Average Land Area: 141.32m2
Average Building Area: 110.22m2
Average Age: 29.08 years

Northern Osaka (Hokusetsu Area)

Homes Sold

April 2024: average price of ¥34,480,000 for a total of 80 homes sold
April 2023: average price of ¥31,350,000 for a total of 75 homes sold
Year-over-year change of 10.0% (average price)
Month-to-month change of -9.8%  (average price from March to April)

Average Land Area: 121.08m2
Average Building Area: 111.10m2
Average Age: 22.02 years

New Properties Listed

April 2024: average price of ¥39,080,000 for a total of 205 homes listed
April 2023: average price of ¥38,770,000 for a total of 237 homes listed
Year-over-year change of 0.8% (average price)
Month-to-month change of -2.2%  (average price from March to April)

Average Land Area: 137.29m2
Average Building Area: 121.24m2
Average Age: 24.10 years

3.Land Sales
Kansai Region

Lots Sold

April 2024: average price per square meter of ¥144,700 for a total of 645 lots sold
April 2023: average price per square meter of ¥145,600 for a total of 574 lots sold
Year-over-year change of -0.6% price per square meter
Month-to-month change of -5.1%  price per square meter (March to April)

April 2024: ¥24,480,000 average price
April 2023: ¥22,820,000 average price
Year-over-year change of -1.5%
Month-to-month change of -8.1% (March to April)
Average Land Area: 155.36m2

New Properties Listed

April 2024: average price per square meter of ¥175,900 for a total of 2,492 lots listed
April 2023: average price per square meter of ¥147,900 for a total of 3,160 lots listed
Year-over-year change of 18.9% price per square meter
Month-to-month change of 13.0%  price per square meter (March to April)

April 2024: ¥28,040,000 average price
April 2023: ¥23,820,000 average price
Year-over-year change of 17.7%
Month-to-month change of 15.5% (March to April)
Average Land Area: 159.42m2

Total Inventory

April 2024: 15,837 total lots at ¥122,900 per square meter
April 2023: 13,663 total lots at ¥121,600 per square meter
Year-over-year change of 12.29% per square meter
Month-to-month change of 1.1% per square meter (March to April)
Total Inventory year over year change: 15.9%

April 2024: ¥20,530,000 average price
April 2023: ¥20,270,000 average price
Year-over-year change of 1.3%
Month-to-month change of -0.2% (March to April)
Average Land Area: 167.11m2

Northern Osaka (Hokusetsu Area)

Lots Sold

April 2024: average price per square meter of ¥224,200 for a total of 81 lots sold
April 2023: average price per square meter of ¥224,200 for a total of 48 lots sold
Year-over-year change of -6.9% price per square meter
Month-to-month change of -2.3%  price per square meter (March to April)

March 2024: ¥31,490,000 average price
March 2023: ¥34,620,000 average price
Year-over-year change of -9.0%
Month-to-month change of -1.4% (March to April)
Average Land Area: 140.46m2

New Properties Listed

April 2024: average price per square meter of ¥323,000 for a total of 167 lots listed
April 2023: average price per square meter of ¥256,300 for a total of 170 lots listed
Year-over-year change of 26.0% price per square meter
Month-to-month change of 31.3%  price per square meter (March to April)

March 2024: ¥47,260,000 average price
March 2023: ¥37,840,000 average price
Year-over-year change of 24.9%
Month-to-month change of 32.3% (March to April)
Average Land Area: 146.30m2

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For the original data in Japanese click here  Kinki REINS