Keikyu Daishi Line Kanagawa 2016-1Q
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, 2016 to Mar, 2016 was 310,526 JPY/sq.m. The market value represents an increase of 43,876 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.0 years old (a -55.9% decrease compared to the 20.4 years old of last year.). The average size of the real estate was 120.0 sq.m (a -10.2% decrease compared to the 133.6 sq.m of last year.). The average total floor space of the real estate was 170.0 sq.m (a +50.6% increase compared to the 112.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Kawasakidaishi, Kojimashinndenn 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 +18.0% compared to last year; a sq.m unit now costs 326,316 JPY/sq.m.

The top 1 stations has seen prices increase +18.0% (+49,845 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +10.9% (+29,412 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.4 years old in 2015 and 9.0 years old in 2016; -55.9%)
  • A dramatic decrease in average distance from the station (representing 13.1 min in 2015 and 10.0 min in 2016; -23.9%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 14.3% of total transactions in 2015 and 60.0% of total transactions in 2016)

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

Top

Home stations market overview

The average price of a sq.m Home of Kawasakidaishi, the highest market value along this railway was 326,316 JPY/sq.m. The market value represents an increase of 49,845 JPY (+18.0%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Kojimashinndenn, the lowest market value along this railway was 300,000 JPY/sq.m. The market value represents an increase of 29,412 JPY (+10.9%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

Keikyu Daishi Line (Stations Home market overview)
Keikyu Daishi LineThis year(2016)1 year ago2 years ago
Keikyuukawasaki--463,157 JPY (1.0Y/110.0sq.m)
Minatochou--969,696 JPY (41.0Y/500.0sq.m)
Suzukichou-294,736 JPY (20.0Y/80.0sq.m)-
Kawasakidaishi326,316 JPY (11.0Y/215.0sq.m)276,470 JPY (18.7Y/103.3sq.m)-
Higashimonnzenn--387,333 JPY (16.0Y/80.0sq.m)
Sanngyoudouro-235,909 JPY (23.5Y/57.5sq.m)-
Kojimashinndenn300,000 JPY (7.7Y/56.7sq.m)270,588 JPY (20.0Y/430.0sq.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.

Top

Noteworthy stations

Kawasakidaishi326,316 JPY/sq.m (+18% compared with the previous year)

The average price of a sq.m Home of Kawasakidaishi was 326,316 JPY/sq.m. The market value represents an increase of 49,845 JPY (+18.0%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.0 years old (a -41.1% decrease compared to the 18.7 years old of last year.). The average size of the real estate was 215.0 sq.m (a +108.1% increase compared to the 103.3 sq.m of last year.). The average total floor space of the real estate was 297.5 sq.m (a +138.0% increase compared to the 125.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 18.7 years old in 2015 and 11.0 years old in 2016; -41.1%)
  • An decrease in average distance from the station (representing 11.0 min in 2015 and 9.0 min in 2016; -18.2%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.7% of total transactions in 2015 and 50.0% of total transactions in 2016)

Kojimashinndenn300,000 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Home of Kojimashinndenn was 300,000 JPY/sq.m. The market value represents an increase of 29,412 JPY (+10.9%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 7.7 years old (a -61.7% decrease compared to the 20.0 years old of last year.). The average size of the real estate was 56.7 sq.m (a -86.8% decrease compared to the 430.0 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -50.0% decrease compared to the 170.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.0 years old in 2015 and 7.7 years old in 2016; -61.7%)
  • A dramatic decrease in average distance from the station (representing 30.0 min in 2015 and 10.7 min in 2016; -64.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Breakdown of each segment

Station:   Segment:

Top

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)