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, 2015 to Dec, 2015 was 668,218 JPY/sq.m. The market value represents an increase of 247,587 JPY (+58.9%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents a decrease of 7 (-28.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.1 years old (a +50.0% increase compared to the 10.7 years old of last year.). The average size of the real estate was 207.8 sq.m (a +21.1% increase compared to the 171.6 sq.m of last year.). The average total floor space of the real estate was 125.6 sq.m (a -33.2% decrease compared to the 188.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

2 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Higashimonnzenn station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Keikyuukawasaki station, where prices have increased +619.6% compared to last year; a sq.m unit now costs 3,332,868 JPY/sq.m.

The top 2 stations has seen prices increase +315.1% (+1,453,583 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -29.9% (-117,574 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.7 years old in 2014 and 16.1 years old in 2015; +50.0%)
  • A dramatic increase in average distance from the station (representing 8.0 min in 2014 and 10.4 min in 2015; +31.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 16.0% of total transactions in 2014 and 33.3% of total transactions in 2015)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 64.0% of total transactions in 2014 and 38.9% 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 Keikyuukawasaki, the highest market value along this railway was 3,332,868 JPY/sq.m. The market value represents an increase of 2,869,710 JPY (+619.6%) 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 235,909 JPY/sq.m. The market value represents a decrease of 98,685 JPY (-29.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) 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
Keikyuukawasaki3,332,868 JPY (42.5Y/1062.5sq.m)463,157 JPY (1.0Y/110.0sq.m)204,464 JPY (42.3Y/290.0sq.m)
Minatochou-665,300 JPY (14.2Y/215.0sq.m)355,000 JPY (0.3Y/60.0sq.m)
Suzukichou294,736 JPY (20.0Y/80.0sq.m)368,421 JPY (0.8Y/75.0sq.m)-
Kawasakidaishi315,137 JPY (10.0Y/81.9sq.m)451,600 JPY (8.1Y/98.8sq.m)295,207 JPY (25.3Y/76.2sq.m)
Higashimonnzenn390,648 JPY (12.3Y/76.7sq.m)353,192 JPY (17.7Y/94.3sq.m)262,128 JPY (27.0Y/485.0sq.m)
Sanngyoudouro235,909 JPY (23.5Y/57.5sq.m)334,594 JPY (8.3Y/105.0sq.m)384,772 JPY (7.0Y/64.3sq.m)
Kojimashinndenn451,294 JPY (10.3Y/267.5sq.m)490,676 JPY (5.7Y/591.7sq.m)259,122 JPY (21.5Y/300.0sq.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

Keikyuukawasaki3,332,868 JPY/sq.m (+620% compared with the previous year)

The average price of a sq.m Home of Keikyuukawasaki was 3,332,868 JPY/sq.m. The market value represents an increase of 2,869,710 JPY (+619.6%) 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 age of the real estate was 42.5 years old (a +4153.2% increase compared to the 1.0 years old of last year.). The average size of the real estate was 1062.5 sq.m (a +865.9% increase compared to the 110.0 sq.m of last year.). The average total floor space of the real estate was 290.0 sq.m (a +205.3% increase compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2014 and 6.5 min in 2015; -27.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 1.0 years old in 2014 and 42.5 years old in 2015; +4153.2%)

Higashimonnzenn390,648 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Home of Higashimonnzenn was 390,648 JPY/sq.m. The market value represents an increase of 37,456 JPY (+10.6%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.3 years old (a -30.8% decrease compared to the 17.7 years old of last year.). The average size of the real estate was 76.7 sq.m (a -18.7% decrease compared to the 94.3 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -13.1% decrease compared to the 103.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.7 years old in 2014 and 12.3 years old in 2015; -30.8%)
  • A dramatic decrease in average distance from the station (representing 9.0 min in 2014 and 6.7 min in 2015; -25.9%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 42.9% of total transactions in 2014 and 66.7% of total transactions in 2015)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2014 and 33.3% of total transactions in 2015)

Kawasakidaishi315,137 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Home of Kawasakidaishi was 315,137 JPY/sq.m. The market value represents a decrease of 136,462 JPY (-30.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.0 years old (a +23.0% increase compared to the 8.1 years old of last year.). The average size of the real estate was 81.9 sq.m (a -17.1% decrease compared to the 98.8 sq.m of last year.). The average total floor space of the real estate was 108.8 sq.m (a -12.1% decrease compared to the 123.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.8 min in 2014 and 11.0 min in 2015; -20.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2014 and 25.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.1 years old in 2014 and 10.0 years old in 2015; +23.0%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 75.0% of total transactions in 2014 and 37.5% of total transactions in 2015)

Sanngyoudouro235,909 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Home of Sanngyoudouro was 235,909 JPY/sq.m. The market value represents a decrease of 98,685 JPY (-29.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.5 years old (a +181.9% increase compared to the 8.3 years old of last year.). The average size of the real estate was 57.5 sq.m (a -45.2% decrease compared to the 105.0 sq.m of last year.). The average total floor space of the real estate was 75.0 sq.m (a -28.0% decrease compared to the 104.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.3 years old in 2014 and 23.5 years old in 2015; +181.9%)
  • A dramatic increase in average distance from the station (representing 6.5 min in 2014 and 11.5 min in 2015; +76.9%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 83.3% of total transactions in 2014 and 50.0% of total transactions in 2015)

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)