Keikyu Daishi Line Kanagawa 2015-4Q
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, 2015 to Dec, 2015 was 312,882 JPY/sq.m. The market value represents a decrease of 34,093 JPY (-9.8%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 5 (-55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.5 years old (a -7.3% decrease compared to the 15.7 years old of last year.). The average size of the real estate was 80.0 sq.m (a -33.9% decrease compared to the 121.1 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -19.6% decrease compared to the 124.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Kawasakidaishi station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Kawasakidaishi station, where prices have increased +10.5% compared to last year; a sq.m unit now costs 320,509 JPY/sq.m.

The top 1 stations has seen prices increase +10.5% (+30,496 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -1.9% (-5,676 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.3 min in 2014 and 12.2 min in 2015; +47.0%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 44.4% of total transactions in 2014 and 25.0% of total transactions in 2015)

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 320,509 JPY/sq.m. The market value represents an increase of 30,496 JPY (+10.5%) compared to 1 year ago and a transition to a bull 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 Higashimonnzenn, the lowest market value along this railway was 290,000 JPY/sq.m. The market value represents a decrease of 5,676 JPY (-1.9%) compared to 1 year ago and a transition to a slight 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.).

Keikyu Daishi Line (Stations Home market overview)
Keikyu Daishi LineThis year(2015)1 year ago2 years ago
Keikyuukawasaki---
Minatochou-513,102 JPY (0.8Y/72.5sq.m)-
Suzukichou-368,421 JPY (0.8Y/75.0sq.m)-
Kawasakidaishi320,509 JPY (7.4Y/73.3sq.m)290,013 JPY (15.8Y/97.5sq.m)306,666 JPY (48.8Y/75.0sq.m)
Higashimonnzenn290,000 JPY (35.8Y/100.0sq.m)295,676 JPY (29.3Y/137.5sq.m)-
Sanngyoudouro-278,387 JPY (24.3Y/200.0sq.m)319,658 JPY (12.8Y/55.0sq.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

Kawasakidaishi320,509 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Home of Kawasakidaishi was 320,509 JPY/sq.m. The market value represents an increase of 30,496 JPY (+10.5%) compared to 1 year ago and a transition to a bull 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 age of the real estate was 7.4 years old (a -52.9% decrease compared to the 15.8 years old of last year.). The average size of the real estate was 73.3 sq.m (a -24.8% decrease compared to the 97.5 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -31.0% decrease compared to the 145.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 15.8 years old in 2014 and 7.4 years old in 2015; -52.9%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2014 and 13.7 min in 2015; +36.7%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2014 and 33.3% of total transactions in 2015)

Higashimonnzenn290,000 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Home of Higashimonnzenn was 290,000 JPY/sq.m. The market value represents a decrease of 5,676 JPY (-1.9%) compared to 1 year ago and a transition to a slight 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 35.8 years old (a +22.2% increase compared to the 29.3 years old of last year.). The average size of the real estate was 100.0 sq.m (a -27.3% decrease compared to the 137.5 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -29.8% decrease compared to the 142.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 29.3 years old in 2014 and 35.8 years old in 2015; +22.2%)

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)