Keikyu Daishi Line Kanagawa 2014-4Q
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 Oct, 2014 to Dec, 2014 was 346,975 JPY/sq.m. The market value represents an increase of 48,891 JPY (+16.4%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents an increase of 2 (+28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.7 years old (a -20.3% decrease compared to the 19.6 years old of last year.). The average size of the real estate was 121.1 sq.m (a -38.3% decrease compared to the 196.4 sq.m of last year.). The average total floor space of the real estate was 124.4 sq.m (a -33.2% decrease compared to the 186.4 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, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Kawasakidaishi station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Sanngyoudouro station, where prices have decreased -12.9% compared to last year; a sq.m unit now costs 278,387 JPY/sq.m.

The top 1 stations has seen prices increase -5.4% (-16,653 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -12.9% (-41,270 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.6 years old in 2013 and 15.7 years old in 2014; -20.3%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 14.3% of total transactions in 2013 and 44.4% of total transactions in 2014)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2013 and 22.2% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.4 min in 2013 and 8.3 min in 2014; +29.6%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 57.1% of total transactions in 2013 and 33.3% 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 290,013 JPY/sq.m. The market value represents a decrease of 16,653 JPY (-5.4%) compared to 1 year ago and a transition to a bear 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 278,387 JPY/sq.m. The market value represents a decrease of 41,270 JPY (-12.9%) compared to 1 year ago and a transition to a weak 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---
Minatochou513,102 JPY (0.8Y/72.5sq.m)-400,000 JPY (0.8Y/60.0sq.m)
Suzukichou368,421 JPY (0.8Y/75.0sq.m)--
Kawasakidaishi290,013 JPY (15.8Y/97.5sq.m)306,666 JPY (48.8Y/75.0sq.m)270,710 JPY (23.4Y/107.0sq.m)
Higashimonnzenn295,676 JPY (29.3Y/137.5sq.m)-487,500 JPY (0.8Y/70.0sq.m)
Sanngyoudouro278,387 JPY (24.3Y/200.0sq.m)319,658 JPY (12.8Y/55.0sq.m)338,779 JPY (11.1Y/65.0sq.m)
Kojimashinndenn-285,152 JPY (15.8Y/297.5sq.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

Kawasakidaishi290,013 JPY/sq.m (-5% compared with the previous year)

The average price of a sq.m Home of Kawasakidaishi was 290,013 JPY/sq.m. The market value represents a decrease of 16,653 JPY (-5.4%) compared to 1 year ago and a transition to a bear 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 age of the real estate was 15.8 years old (a -67.7% decrease compared to the 48.8 years old of last year.). The average size of the real estate was 97.5 sq.m (a +30.0% increase compared to the 75.0 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a +93.3% increase compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 48.8 years old in 2013 and 15.8 years old in 2014; -67.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2013 and 10.0 min in 2014; +100.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Sanngyoudouro278,387 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Home of Sanngyoudouro was 278,387 JPY/sq.m. The market value represents a decrease of 41,270 JPY (-12.9%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 24.3 years old (a +89.0% increase compared to the 12.8 years old of last year.). The average size of the real estate was 200.0 sq.m (a +263.6% increase compared to the 55.0 sq.m of last year.). The average total floor space of the real estate was 127.5 sq.m (a +64.5% increase compared to the 77.5 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.8 years old in 2013 and 24.3 years old in 2014; +89.0%)
  • A dramatic increase in average distance from the station (representing 4.5 min in 2013 and 10.0 min in 2014; +122.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2013 and 50.0% 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)