Keikyu Daishi Line Kanagawa 2014-3Q
Home market report

Keikyu Daishi Line railway market report

Keikyu Daishi Line Home market overview

The average price of a sq.m Home of Keikyu Daishi Line (Keikyuukawasaki to Kojimashinndenn), in Jul, 2014 to Sep, 2014 was 449,242 JPY/sq.m. The market value represents an increase of 119,108 JPY (+36.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 3 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 4.5 years old (a -53.6% decrease compared to the 9.7 years old of last year.). The average size of the real estate was 76.2 sq.m (a -33.1% decrease compared to the 114.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -18.1% decrease compared to the 116.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Kawasakidaishi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kojimashinndenn station, where prices have increased +251.9% compared to last year; a sq.m unit now costs 545,454 JPY/sq.m.

The top 1 stations has seen prices increase +251.9% (+390,454 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -5.6% (-21,052 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 9.7 years old in 2013 and 4.5 years old in 2014; -53.6%)
  • A some increase in transactions involving nearly new buildings under 3 years old (representing 80.0% of total transactions in 2013 and 87.5% of total transactions in 2014)

Breakdown of each segment

The table below shows Home dealt in Keikyu Daishi Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Home stations market overview

The average price of a sq.m Home of Kawasakidaishi, the highest market value along this railway was 613,186 JPY/sq.m. The market value represents an increase of 235,409 JPY (+62.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Sanngyoudouro, the lowest market value along this railway was 357,894 JPY/sq.m. The market value represents a decrease of 21,052 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands (It was the same as last year.).

Keikyu Daishi Line (Stations Home market overview)
Keikyu Daishi LineThis year(2014)1 year ago2 years ago
Keikyuukawasaki--179,245 JPY (18.5Y/220.0sq.m)
Minatochou---
Suzukichou---
Kawasakidaishi613,186 JPY (0.5Y/100.0sq.m)377,777 JPY (0.5Y/60.0sq.m)366,722 JPY (2.8Y/58.8sq.m)
Higashimonnzenn368,775 JPY (11.2Y/75.0sq.m)360,000 JPY (0.5Y/80.0sq.m)362,500 JPY (0.5Y/45.0sq.m)
Sanngyoudouro357,894 JPY (0.5Y/60.0sq.m)378,947 JPY (1.5Y/60.0sq.m)307,692 JPY (12.1Y/47.5sq.m)
Kojimashinndenn545,454 JPY (0.5Y/65.0sq.m)155,000 JPY (44.5Y/310.0sq.m)-

*Average unit prices per sq.m of Home at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

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Noteworthy stations

Kojimashinndenn545,454 JPY/sq.m (+252% compared with the previous year)

The average price of a sq.m Home of Kojimashinndenn was 545,454 JPY/sq.m. The market value represents an increase of 390,454 JPY (+251.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 0.5 years old (a -98.9% decrease compared to the 44.5 years old of last year.). The average size of the real estate was 65.0 sq.m (a -79.0% decrease compared to the 310.0 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a -45.0% decrease compared to the 200.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 44.5 years old in 2013 and 0.5 years old in 2014; -98.9%)
  • A dramatic decrease in average distance from the station (representing 18.0 min in 2013 and 5.0 min in 2014; -72.2%)

Sanngyoudouro357,894 JPY/sq.m (-6% compared with the previous year)

The average price of a sq.m Home of Sanngyoudouro was 357,894 JPY/sq.m. The market value represents a decrease of 21,052 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 0.5 years old (a -66.5% decrease compared to the 1.5 years old of last year.). The average size of the real estate was 60.0 sq.m (a +0.0% decrease compared to the 60.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a +0.0% decrease compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 1.5 years old in 2013 and 0.5 years old in 2014; -66.5%)
  • A dramatic decrease in average distance from the station (representing 7.0 min in 2013 and 4.5 min in 2014; -35.7%)

Causes of price decreases

  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Breakdown of each segment

Station:   Segment:

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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)