Keikyu Kurihama Line Kanagawa 2014-1Q
Home market report

Keikyu Kurihama Line railway market report

Keikyu Kurihama Line Home market overview

The average price of a sq.m Home of Keikyu Kurihama Line (Horinouchi to Misakiguchi), in Jan, 2014 to Mar, 2014 was 257,147 JPY/sq.m. The market value represents an increase of 13,882 JPY (+5.7%) compared to 1 year ago and a transition to a strong market. 13 properties exchanged hands ( The market value represents a decrease of 31 (-70.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.5 years old (a +18.0% increase compared to the 13.1 years old of last year.). The average size of the real estate was 201.2 sq.m (a +19.3% increase compared to the 168.6 sq.m of last year.). The average total floor space of the real estate was 124.2 sq.m (a +23.9% increase compared to the 100.2 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 new buildings under 20 years old.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Waia-Rupi-Nobi, Misakiguchi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Waia-Rupi-Nobi station, where prices have increased +66.9% compared to last year; a sq.m unit now costs 377,777 JPY/sq.m.

The top 1 stations has seen prices increase +66.9% (+151,372 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -16.9% (-45,059 JPY/sq.m).

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2013 and 23.1% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 13.1 years old in 2013 and 15.5 years old in 2014; +18.0%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 43.2% of total transactions in 2013 and 23.1% of total transactions in 2014)
  • An increase in transactions involving older buildings over 40 years old (representing 6.8% of total transactions in 2013 and 7.7% of total transactions in 2014)

Breakdown of each segment

The table below shows Home dealt in Keikyu Kurihama 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 Waia-Rupi-Nobi, the highest market value along this railway was 377,777 JPY/sq.m. The market value represents an increase of 151,372 JPY (+66.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Misakiguchi, the lowest market value along this railway was 187,095 JPY/sq.m. The market value represents an increase of 73,942 JPY (+65.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

Keikyu Kurihama Line (Stations Home market overview)
Keikyu Kurihama LineThis year(2014)1 year ago2 years ago
Horinouchi-210,000 JPY (19.7Y/163.3sq.m)341,158 JPY (3.7Y/125.8sq.m)
Shinnootsu-298,197 JPY (4.6Y/121.2sq.m)300,245 JPY (13.3Y/187.5sq.m)
Kitakurihama238,998 JPY (20.0Y/170.0sq.m)240,854 JPY (12.7Y/163.5sq.m)226,655 JPY (11.3Y/133.3sq.m)
Keikyuukurihama284,134 JPY (15.2Y/195.8sq.m)310,838 JPY (12.7Y/238.5sq.m)273,642 JPY (14.4Y/142.3sq.m)
Waia-Rupi-Nobi377,777 JPY (0.0Y/195.0sq.m)226,405 JPY (15.0Y/129.0sq.m)227,029 JPY (10.4Y/135.0sq.m)
Keikyuunagasawa221,052 JPY (10.0Y/135.0sq.m)266,111 JPY (6.0Y/120.0sq.m)403,333 JPY (0.0Y/142.5sq.m)
Tsukuihama-66,333 JPY (39.5Y/82.5sq.m)322,222 JPY (1.0Y/110.0sq.m)
Miurakaigann-34,814 JPY (0.0Y/370.0sq.m)201,112 JPY (22.3Y/596.2sq.m)
Misakiguchi187,095 JPY (20.1Y/256.7sq.m)113,153 JPY (20.3Y/173.3sq.m)172,217 JPY (20.7Y/221.8sq.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

Waia-Rupi-Nobi377,777 JPY/sq.m (+67% compared with the previous year)

The average price of a sq.m Home of Waia-Rupi-Nobi was 377,777 JPY/sq.m. The market value represents an increase of 151,372 JPY (+66.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.0 years old (a -100.0% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 195.0 sq.m (a +51.2% increase compared to the 129.0 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a +11.1% increase compared to the 81.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 15.0 years old in 2013 and 0.0 years old in 2014; -100.0%)
  • A dramatic decrease in average distance from the station (representing 27.0 min in 2013 and 7.0 min in 2014; -74.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 40.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Keikyuunagasawa221,052 JPY/sq.m (-17% compared with the previous year)

The average price of a sq.m Home of Keikyuunagasawa was 221,052 JPY/sq.m. The market value represents a decrease of 45,059 JPY (-16.9%) compared to 1 year ago and a transition to a weak 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 10.0 years old (a +66.6% increase compared to the 6.0 years old of last year.). The average size of the real estate was 135.0 sq.m (a +12.5% increase compared to the 120.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a +0.0% decrease compared to the 95.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.0 years old in 2013 and 10.0 years old in 2014; +66.6%)
  • A dramatic increase in average distance from the station (representing 4.0 min in 2013 and 8.0 min in 2014; +100.0%)

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)