Real Estate Sales

The April Report was publish on May 11, 2024 for the real estate sales for the month of May 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

May 2024: ¥441,200 per square meter a total of 1,061 units sold
May 2023: ¥396,800 per square meter a total of 1,221 units sold
Year-over-year change of 11.2% per square meter
Month-to-month change of -0.4% per square meter (April to May)

May 2024: ¥30,240,000 average price
May 2023: ¥27,270,000 average price
Year-over-year change of 10.9%
Month-to-month change of -0.5% (April to May)
Average Floor Area: 68.55m²
Average Age: 26.11 years

New Properties Listed

May 2024: ¥430,100 per square meter a total of 5,442 units listed
May 2023: ¥443,000 per square meter a total of 5,125 units listed
Year-over-year change of -2.9% per square meter
Month-to-month change of -3.7% per square meter (April to May)

Total Inventory

May 2024: 21,047 total units at ¥430,500 per square meter
May 2023: 19,110 total units at ¥436,700 per square meter
Year-over-year change of -1.4% per square meter
Month-to-month change of 0.7% per square meter (April to May)
Total Inventory year over year change: 10.1%

Osaka City

Units Sold

May 2024: ¥608,000 per square meter a total of 309 units sold
May 2023: ¥554,700 per square meter a total of 328 units sold
Year-over-year change of 9.6% per square meter
Month-to-month change of -4.8% per square meter (April to May)

May 2024: ¥37,010,000 average price
May 2023: ¥34,510,000 average price
Year-over-year change of 7.3%
Month-to-month change of -7.7% (April to May)
Average Floor Area: 60.87m²
Average Age: 25.07 years

New Properties Listed

May 2024: ¥602,900 per square meter a total of 1,766 units listed
May 2023: ¥603,500 per square meter a total of 1,721 units listed
Year-over-year change of -0.1% per square meter
Month-to-month change of -4.8% per square meter (April to May)

May 2024: ¥32,390,000 average price
May 2023: ¥32,040,000 average price
Year-over-year change of 1.1%
Month-to-month change of -4.3% (April to May)
Average Floor Area: 53.72m²
Average Age: 25.11 years

Northern Osaka (Hokusetsu Area)

May 2024: ¥430,300 per square meter a total of 112 units sold
May 2023: ¥402,600 per square meter a total of 122 units sold
Year-over-year change of 6.9% per square meter
Month-to-month change of 2.8% per square meter (April to May)

April 2024: ¥32,520,000 average price
April 2023: ¥31,160,000 average price
Year-over-year change of 4.4%
Month-to-month change of 4.9% (April to May)
Average Floor Area: 75.58m²
Average Age: 29.00 year

New Properties Listed

May 2024: ¥392,900 per square meter a total of 502 units listed
May 2023: ¥409,100 per square meter a total of 436 units listed
Year-over-year change of -4.0% per square meter
Month-to-month change of -13.1% per square meter (April to May)

April 2024: ¥28,670,000 average price
April 2023: ¥30,230,000 average price
Year-over-year change of -5.2%
Month-to-month change of -14.5% (April to May)
Average Floor Area: 72.97m²
Average Age: 31.09 years

２．House Sales (Detached Homes)
Kansai Region

Homes Sold

May 2024: average price of ¥23,220,000 for a total of 786 homes sold
May 2023: average price of ¥22,690,000 for a total of 885 homes sold
Year-over-year change of 2.3% (average price)
Month-to-month change of -2.6%  (average price from April to May)

Average Land Area: 133.49m²
Average Building Area: 105.46m²
Average Age: 27.10 years

New Homes Listed

May 2024: average price of ¥26,320,000 for a total of 3,911 homes listed
May 2023: average price of ¥26,530,000 for a total of 3,329 homes listed
Year-over-year change of -0.8% (average price)
Month-to-month change of -1.5%  (average price from April to May)

Average Land Area: 137.47m²
Average Building Area: 110.38m²
Average Age: 28.05 years

Total Inventory

May 2024: average price of ¥26,050,000 for a total of 16,705 homes
May 2023: average price of ¥26,350,000 for a total of 13,543 homes
Year-over-year change of -1.1% (average price)
Month-to-month change of -0.5%  (average price from April to May)
Total Inventory year over year change: 23.3%

Average Land Area: 141.64m²
Average Building Area: 110.39m²
Average Age: 29.10 years

Northern Osaka (Hokusetsu Area)

Homes Sold

May 2024: average price of ¥33,570,000 for a total of 76 homes sold
May 2023: average price of ¥30,880,000 for a total of 56 homes sold
Year-over-year change of 8.7% (average price)
Month-to-month change of -2.6%  (average price from April to May)

Average Land Area: 124.34m²
Average Building Area: 111.42m²
Average Age: 23.06 years

New Properties Listed

April 2024: average price of ¥35,940,000 for a total of 252 homes listed
April 2023: average price of ¥35,870,000 for a total of 209 homes listed
Year-over-year change of 0.2% (average price)
Month-to-month change of -8.1%  (average price from March to April)

Average Land Area: 128.15m²
Average Building Area: 114.76m²
Average Age: 24.10 years

３．Land Sales
Kansai Region

Lots Sold

May 2024: average price per square meter of ¥154,800 for a total of 485 lots sold
May 2023: average price per square meter of ¥139,500 for a total of 497 lots sold
Year-over-year change of 11.0% price per square meter
Month-to-month change of 7.0%  price per square meter (April to May)

April 2024: ¥25,430,000 average price
April 2023: ¥22,970,000 average price
Year-over-year change of 10.7%
Month-to-month change of 13.1% (April to May)
Average Land Area: 164.30m²

New Lots Listed

May 2024: average price per square meter of ¥165,300 for a total of 2,885 lots listed
May 2023: average price per square meter of ¥143,300 for a total of 2,600 lots listed
Year-over-year change of 15.4% price per square meter
Month-to-month change of -6.0%  price per square meter (April to May)

May 2024: ¥26,640,000 average price
May 2023: ¥22,960,000 average price
Year-over-year change of 16.0%
Month-to-month change of -5.0% (April to May)
Average Land Area: 161.13m²

Total Inventory

May 2024: 15,876 total lots at ¥123,700 per square meter
May 2023: 13,693 total lots at ¥121,200 per square meter
Year-over-year change of 2.1% per square meter
Month-to-month change of 0.6% per square meter (April to May)
Total Inventory year over year change: 15.9%

May 2024: ¥20,740,000 average price
May 2023: ¥20,210,000 average price
Year-over-year change of 2.6%
Month-to-month change of 1.0% (April to May)
Average Land Area: 167.75m²

Northern Osaka (Hokusetsu Area)

Lots Sold

May 2024: average price per square meter of ¥243,500 for a total of 62 lots sold
May 2023: average price per square meter of ¥196,700 for a total of 32 lots sold
Year-over-year change of 23.7% price per square meter
Month-to-month change of 8.6%  price per square meter (April to May)

May 2024: ¥35,770,000 average price
May 2023: ¥32,160,000 average price
Year-over-year change of 11.2%
Month-to-month change of 13.6% (April to May)
Average Land Area: 146.94m²

New Properties Listed

May 2024: average price per square meter of ¥257,500 for a total of 200 lots listed
May 2023: average price per square meter of ¥263,700 for a total of 176 lots listed
Year-over-year change of -2.4% price per square meter
Month-to-month change of -20.3%  price per square meter (April to May)

May 2024: ¥37,750,000 average price
May 2023: ¥38,410,000 average price
Year-over-year change of -1.7%
Month-to-month change of -20.1% (March to April)
Average Land Area: 146.62m²

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Email: info@remax-apex.com

For the original data in Japanese click here → Kinki REINS