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 Dec, 2016 was 506,336 JPY/sq.m. The market value represents a decrease of 161,882 JPY (-24.2%) compared to 1 year ago and a transition to a dramatic market. 33 properties exchanged hands ( The market value represents an increase of 15 (+83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.5 years old (a -28.3% decrease compared to the 16.1 years old of last year.). The average size of the real estate was 179.2 sq.m (a -13.7% decrease compared to the 207.8 sq.m of last year.). The average total floor space of the real estate was 227.1 sq.m (a +80.9% 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 very large size more than 200 sq.m, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

5 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Kawasakidaishi, Higashimonnzenn, Sanngyoudouro, Kojimashinndenn station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Suzukichou station, where prices have increased +126.2% compared to last year; a sq.m unit now costs 666,666 JPY/sq.m.

The top 2 stations has seen prices increase +98.3% (+344,677 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.1% (-1,569,235 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 16.1 years old in 2015 and 11.5 years old in 2016; -28.3%)
  • A dramatic decrease in average distance from the station (representing 10.4 min in 2015 and 8.3 min in 2016; -20.5%)
  • A dramatic increase 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 21.2% of total transactions in 2016)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 38.9% of total transactions in 2015 and 46.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 5.6% of total transactions in 2015 and 3.3% 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 Kojimashinndenn, the highest market value along this railway was 768,718 JPY/sq.m. The market value represents an increase of 317,424 JPY (+70.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Keikyuukawasaki, the lowest market value along this railway was 52,631 JPY/sq.m. The market value represents a decrease of 3,280,236 JPY (-98.4%) 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.).

Keikyu Daishi Line (Stations Home market overview)
Keikyu Daishi LineThis year(2016)1 year ago2 years ago
Keikyuukawasaki52,631 JPY (0.0Y/340.0sq.m)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)
Kawasakidaishi482,865 JPY (7.7Y/112.3sq.m)315,137 JPY (10.0Y/81.9sq.m)451,600 JPY (8.1Y/98.8sq.m)
Higashimonnzenn532,415 JPY (12.8Y/158.6sq.m)390,648 JPY (12.3Y/76.7sq.m)353,192 JPY (17.7Y/94.3sq.m)
Sanngyoudouro322,447 JPY (21.5Y/282.5sq.m)235,909 JPY (23.5Y/57.5sq.m)334,594 JPY (8.3Y/105.0sq.m)
Kojimashinndenn768,718 JPY (11.3Y/232.0sq.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

Suzukichou666,666 JPY/sq.m (+126% compared with the previous year)

The average price of a sq.m Home of Suzukichou was 666,666 JPY/sq.m. The market value represents an increase of 371,930 JPY (+126.2%) 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 0.5 years old (a -97.5% decrease compared to the 20.0 years old of last year.). The average size of the real estate was 150.0 sq.m (a +87.5% increase compared to the 80.0 sq.m of last year.). The average total floor space of the real estate was 165.0 sq.m (a +73.7% increase compared to the 95.0 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 0.5 years old in 2016; -97.5%)

Kojimashinndenn768,718 JPY/sq.m (+70% compared with the previous year)

The average price of a sq.m Home of Kojimashinndenn was 768,718 JPY/sq.m. The market value represents an increase of 317,424 JPY (+70.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.3 years old (a +9.8% increase compared to the 10.3 years old of last year.). The average size of the real estate was 232.0 sq.m (a -13.3% decrease compared to the 267.5 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -28.8% decrease compared to the 147.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.0 min in 2015 and 9.8 min in 2016; -48.4%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 20.0% of total transactions in 2016)

Causes of price decreases

  • An decrease in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2015 and 40.0% of total transactions in 2016)

Keikyuukawasaki52,631 JPY/sq.m (-98% compared with the previous year)

The average price of a sq.m Home of Keikyuukawasaki was 52,631 JPY/sq.m. The market value represents a decrease of 3,280,236 JPY (-98.4%) 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 size of the real estate was 340.0 sq.m (a -68.0% decrease compared to the 1062.5 sq.m of last year.). The average total floor space of the real estate was 1900.0 sq.m (a +555.2% increase compared to the 290.0 sq.m of last year.).

Higashimonnzenn532,415 JPY/sq.m (+36% compared with the previous year)

The average price of a sq.m Home of Higashimonnzenn was 532,415 JPY/sq.m. The market value represents an increase of 141,767 JPY (+36.3%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.8 years old (a +4.3% increase compared to the 12.3 years old of last year.). The average size of the real estate was 158.6 sq.m (a +106.8% increase compared to the 76.7 sq.m of last year.). The average total floor space of the real estate was 157.1 sq.m (a +74.6% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.7 min in 2015 and 5.4 min in 2016; -18.6%)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2015 and 42.9% 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)