Keikyu Daishi Line Kanagawa 2014-FY
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 Jan, 2014 to Dec, 2014 was 420,630 JPY/sq.m. The market value represents an increase of 116,412 JPY (+38.3%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 3 (-10.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 10.7 years old (a -45.1% decrease compared to the 19.5 years old of last year.). The average size of the real estate was 171.6 sq.m (a -7.6% decrease compared to the 185.7 sq.m of last year.). The average total floor space of the real estate was 188.0 sq.m (a -20.7% decrease compared to the 237.0 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, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

5 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Minatochou, Kawasakidaishi, Higashimonnzenn, Kojimashinndenn station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keikyuukawasaki station, where prices have increased +126.5% compared to last year; a sq.m unit now costs 463,157 JPY/sq.m.

The top 2 stations has seen prices increase +107.9% (+245,123 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease +10.8% (+20,442 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.5 years old in 2013 and 10.7 years old in 2014; -45.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 37.0% of total transactions in 2013 and 64.0% of total transactions in 2014)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 39.3% of total transactions in 2013 and 48.0% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 6.9 min in 2013 and 8.0 min in 2014; +16.1%)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 14.8% of total transactions in 2013 and 16.0% 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 Minatochou, the highest market value along this railway was 665,300 JPY/sq.m. The market value represents an increase of 310,300 JPY (+87.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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 334,594 JPY/sq.m. The market value represents a decrease of 50,179 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

Keikyu Daishi Line (Stations Home market overview)
Keikyu Daishi LineThis year(2014)1 year ago2 years ago
Keikyuukawasaki463,157 JPY (1.0Y/110.0sq.m)204,464 JPY (42.3Y/290.0sq.m)289,622 JPY (9.8Y/145.0sq.m)
Minatochou665,300 JPY (14.2Y/215.0sq.m)355,000 JPY (0.3Y/60.0sq.m)433,333 JPY (0.5Y/57.5sq.m)
Suzukichou368,421 JPY (0.8Y/75.0sq.m)-70,370 JPY (33.1Y/50.0sq.m)
Kawasakidaishi451,600 JPY (8.1Y/98.8sq.m)295,207 JPY (25.3Y/76.2sq.m)321,263 JPY (17.8Y/75.3sq.m)
Higashimonnzenn353,192 JPY (17.7Y/94.3sq.m)262,128 JPY (27.0Y/485.0sq.m)391,053 JPY (2.8Y/56.0sq.m)
Sanngyoudouro334,594 JPY (8.3Y/105.0sq.m)384,772 JPY (7.0Y/64.3sq.m)326,344 JPY (11.5Y/58.0sq.m)
Kojimashinndenn490,676 JPY (5.7Y/591.7sq.m)259,122 JPY (21.5Y/300.0sq.m)533,333 JPY (0.0Y/160.0sq.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

Keikyuukawasaki463,157 JPY/sq.m (+127% compared with the previous year)

The average price of a sq.m Home of Keikyuukawasaki was 463,157 JPY/sq.m. The market value represents an increase of 258,693 JPY (+126.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 1.0 years old (a -97.6% decrease compared to the 42.3 years old of last year.). The average size of the real estate was 110.0 sq.m (a -62.1% decrease compared to the 290.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -87.3% decrease compared to the 750.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 42.3 years old in 2013 and 1.0 years old in 2014; -97.6%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2013 and 9.0 min in 2014; +125.0%)

Kojimashinndenn490,676 JPY/sq.m (+89% compared with the previous year)

The average price of a sq.m Home of Kojimashinndenn was 490,676 JPY/sq.m. The market value represents an increase of 231,554 JPY (+89.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 5.7 years old (a -73.6% decrease compared to the 21.5 years old of last year.). The average size of the real estate was 591.7 sq.m (a +97.2% increase compared to the 300.0 sq.m of last year.). The average total floor space of the real estate was 768.3 sq.m (a +201.3% increase compared to the 255.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.5 years old in 2013 and 5.7 years old in 2014; -73.6%)
  • A dramatic decrease in average distance from the station (representing 9.8 min in 2013 and 3.3 min in 2014; -66.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2013 and 66.7% of total transactions in 2014)

Sanngyoudouro334,594 JPY/sq.m (-13% compared with the previous year)

The average price of a sq.m Home of Sanngyoudouro was 334,594 JPY/sq.m. The market value represents a decrease of 50,179 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 8.3 years old (a +18.7% increase compared to the 7.0 years old of last year.). The average size of the real estate was 105.0 sq.m (a +63.3% increase compared to the 64.3 sq.m of last year.). The average total floor space of the real estate was 104.2 sq.m (a +19.5% increase compared to the 87.1 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.6% of total transactions in 2013 and 83.3% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 7.0 years old in 2013 and 8.3 years old in 2014; +18.7%)
  • A some decrease in transactions involving nearly new buildings under 3 years old (representing 71.4% of total transactions in 2013 and 66.7% of total transactions in 2014)

Higashimonnzenn353,192 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Home of Higashimonnzenn was 353,192 JPY/sq.m. The market value represents an increase of 91,064 JPY (+34.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.7 years old (a -34.2% decrease compared to the 27.0 years old of last year.). The average size of the real estate was 94.3 sq.m (a -80.6% decrease compared to the 485.0 sq.m of last year.). The average total floor space of the real estate was 103.6 sq.m (a -81.6% decrease compared to the 562.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.0 years old in 2013 and 17.7 years old in 2014; -34.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 25.0% of total transactions in 2013 and 42.9% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.2 min in 2013 and 9.0 min in 2014; +24.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2013 and 14.3% 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)