Keikyu Daishi Line Kanagawa 2016-3Q
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 Jul, 2016 to Sep, 2016 was 961,295 JPY/sq.m. The market value represents a decrease of 460,715 JPY (-32.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 3.9 years old (a -73.1% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 220.0 sq.m (a -45.7% decrease compared to the 405.0 sq.m of last year.). The average total floor space of the real estate was 109.0 sq.m (a -33.3% decrease compared to the 163.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an 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 station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kojimashinndenn station, where prices have increased +300.8% compared to last year; a sq.m unit now costs 2,533,333 JPY/sq.m.

The top 1 stations has seen prices increase +300.8% (+1,901,333 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +34.9% (+122,858 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 14.5 years old in 2015 and 3.9 years old in 2016; -73.1%)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2015 and 80.0% 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 Kojimashinndenn, the highest market value along this railway was 2,533,333 JPY/sq.m. The market value represents an increase of 1,901,333 JPY (+300.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Kawasakidaishi, the lowest market value along this railway was 475,238 JPY/sq.m. The market value represents an increase of 122,858 JPY (+34.9%) 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.).

Keikyu Daishi Line (Stations Home market overview)
Keikyu Daishi LineThis year(2016)1 year ago2 years ago
Keikyuukawasaki-3,332,868 JPY (42.5Y/1062.5sq.m)-
Minatochou---
Suzukichou666,666 JPY (0.5Y/150.0sq.m)--
Kawasakidaishi475,238 JPY (0.5Y/57.5sq.m)352,380 JPY (0.5Y/70.0sq.m)613,186 JPY (0.5Y/100.0sq.m)
Higashimonnzenn-440,972 JPY (0.5Y/65.0sq.m)368,775 JPY (11.2Y/75.0sq.m)
Sanngyoudouro656,000 JPY (0.5Y/105.0sq.m)-357,894 JPY (0.5Y/60.0sq.m)
Kojimashinndenn2,533,333 JPY (17.5Y/730.0sq.m)632,000 JPY (0.5Y/105.0sq.m)545,454 JPY (0.5Y/65.0sq.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

Kojimashinndenn2,533,333 JPY/sq.m (+301% compared with the previous year)

The average price of a sq.m Home of Kojimashinndenn was 2,533,333 JPY/sq.m. The market value represents an increase of 1,901,333 JPY (+300.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 17.5 years old (a +3375.0% increase compared to the 0.5 years old of last year.). The average size of the real estate was 730.0 sq.m (a +595.2% increase 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 -40.0% decrease compared to the 125.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.5 years old in 2015 and 17.5 years old in 2016; +3375.0%)

Kawasakidaishi475,238 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Home of Kawasakidaishi was 475,238 JPY/sq.m. The market value represents an increase of 122,858 JPY (+34.9%) 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 0.5 years old (a +0.0% decrease compared to the 0.5 years old of last year.). The average size of the real estate was 57.5 sq.m (a -17.9% decrease compared to the 70.0 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -14.3% decrease compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2015 and 5.5 min in 2016; -31.2%)

Causes of price decreases

  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 100.0% of total transactions in 2015 and 100.0% 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)