Keikyu Daishi Line Kanagawa 2016-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, 2016 to Sep, 2016 was 596,670 JPY/sq.m. The market value represents a decrease of 71,548 JPY (-10.7%) compared to 1 year ago and a transition to a weak market. 19 properties exchanged hands ( The market value represents an increase of 1 (+5.6%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 6.3 years old (a -61.1% decrease compared to the 16.1 years old of last year.). The average size of the real estate was 158.9 sq.m (a -23.5% decrease compared to the 207.8 sq.m of last year.). The average total floor space of the real estate was 126.4 sq.m (a +0.7% increase compared to the 125.6 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, as well as a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.

5 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices. Kawasakidaishi, Kojimashinndenn station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sanngyoudouro station, where prices have increased +178.1% compared to last year; a sq.m unit now costs 656,000 JPY/sq.m.

The top 1 stations has seen prices increase +178.1% (+420,091 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +33.3% (+104,960 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 16.1 years old in 2015 and 6.3 years old in 2016; -61.1%)
  • An decrease in average distance from the station (representing 10.4 min in 2015 and 8.9 min in 2016; -14.3%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 38.9% of total transactions in 2015 and 66.7% of total transactions in 2016)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 16.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.1% of total transactions in 2015 and 5.3% of total transactions in 2016)
  • A slight decrease in transactions involving recently constructed buildings under 6 years old (representing 5.6% of total transactions in 2015 and 5.6% 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

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Home stations market overview

The average price of a sq.m Home of Higashimonnzenn, the highest market value along this railway was 891,544 JPY/sq.m. The market value represents an increase of 500,896 JPY (+128.2%) compared to 1 year ago and a transition to a dramatic 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 Kawasakidaishi, the lowest market value along this railway was 420,097 JPY/sq.m. The market value represents an increase of 104,960 JPY (+33.3%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) 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)463,157 JPY (1.0Y/110.0sq.m)
Minatochou--665,300 JPY (14.2Y/215.0sq.m)
Suzukichou666,666 JPY (0.5Y/150.0sq.m)294,736 JPY (20.0Y/80.0sq.m)368,421 JPY (0.8Y/75.0sq.m)
Kawasakidaishi420,097 JPY (4.5Y/105.5sq.m)315,137 JPY (10.0Y/81.9sq.m)451,600 JPY (8.1Y/98.8sq.m)
Higashimonnzenn891,544 JPY (13.3Y/352.5sq.m)390,648 JPY (12.3Y/76.7sq.m)353,192 JPY (17.7Y/94.3sq.m)
Sanngyoudouro656,000 JPY (0.5Y/105.0sq.m)235,909 JPY (23.5Y/57.5sq.m)334,594 JPY (8.3Y/105.0sq.m)
Kojimashinndenn858,333 JPY (10.1Y/225.0sq.m)451,294 JPY (10.3Y/267.5sq.m)490,676 JPY (5.7Y/591.7sq.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

Sanngyoudouro656,000 JPY/sq.m (+178% compared with the previous year)

The average price of a sq.m Home of Sanngyoudouro was 656,000 JPY/sq.m. The market value represents an increase of 420,091 JPY (+178.1%) 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 0.5 years old (a -97.9% decrease compared to the 23.5 years old of last year.). The average size of the real estate was 105.0 sq.m (a +82.6% increase compared to the 57.5 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a +66.7% increase compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.5 years old in 2015 and 0.5 years old in 2016; -97.9%)
  • A dramatic decrease in average distance from the station (representing 11.5 min in 2015 and 6.0 min in 2016; -47.8%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Kawasakidaishi420,097 JPY/sq.m (+33% compared with the previous year)

The average price of a sq.m Home of Kawasakidaishi was 420,097 JPY/sq.m. The market value represents an increase of 104,960 JPY (+33.3%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 4.5 years old (a -55.5% decrease compared to the 10.0 years old of last year.). The average size of the real estate was 105.5 sq.m (a +28.8% increase compared to the 81.9 sq.m of last year.). The average total floor space of the real estate was 141.0 sq.m (a +29.7% increase compared to the 108.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 10.0 years old in 2015 and 4.5 years old in 2016; -55.5%)
  • An decrease in average distance from the station (representing 11.0 min in 2015 and 9.3 min in 2016; -15.7%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 37.5% of total transactions in 2015 and 70.0% of total transactions in 2016)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2015 and 10.0% of total transactions in 2016)

Causes of price decreases

  • An decrease in transactions involving recently constructed buildings under 6 years old (representing 12.5% of total transactions in 2015 and 10.0% of total transactions in 2016)

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)