Keikyu Kurihama Line Kanagawa 2014-2Q
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 Apr, 2014 to Jun, 2014 was 183,512 JPY/sq.m. The market value represents a decrease of 26,632 JPY (-12.7%) compared to 1 year ago and a transition to a weak market. 20 properties exchanged hands ( The market value represents a decrease of 23 (-53.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.4 years old (a +76.9% increase compared to the 14.9 years old of last year.). The average size of the real estate was 148.8 sq.m (a -5.7% decrease compared to the 157.7 sq.m of last year.). The average total floor space of the real estate was 122.5 sq.m (a +12.1% increase compared to the 109.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

4 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Horinouchi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Miurakaigann station, where prices have increased +236.4% compared to last year; a sq.m unit now costs 294,736 JPY/sq.m.

The top 2 stations has seen prices increase +166.9% (+188,578 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.6% (-106,431 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.9 years old in 2013 and 26.4 years old in 2014; +76.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.5% of total transactions in 2013 and 27.8% of total transactions in 2014)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2013 and 38.9% 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 Horinouchi, the highest market value along this railway was 344,444 JPY/sq.m. The market value represents an increase of 170,039 JPY (+97.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 127,083 JPY/sq.m. The market value represents an increase of 6,190 JPY (+5.1%) compared to 1 year ago and a transition to a strong market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

Keikyu Kurihama Line (Stations Home market overview)
Keikyu Kurihama LineThis year(2014)1 year ago2 years ago
Horinouchi344,444 JPY (0.3Y/100.0sq.m)174,405 JPY (27.3Y/133.3sq.m)299,018 JPY (15.5Y/106.2sq.m)
Shinnootsu180,000 JPY (53.3Y/135.0sq.m)172,763 JPY (19.3Y/237.5sq.m)-
Kitakurihama194,023 JPY (27.4Y/141.2sq.m)257,642 JPY (15.6Y/154.0sq.m)236,551 JPY (18.0Y/145.4sq.m)
Keikyuukurihama134,523 JPY (38.3Y/157.5sq.m)283,766 JPY (5.4Y/115.0sq.m)246,070 JPY (18.3Y/347.1sq.m)
Waia-Rupi-Nobi174,247 JPY (18.9Y/185.0sq.m)207,161 JPY (14.3Y/166.2sq.m)221,031 JPY (12.7Y/198.6sq.m)
Keikyuunagasawa--297,998 JPY (7.5Y/363.8sq.m)
Tsukuihama-214,035 JPY (15.7Y/133.3sq.m)131,727 JPY (31.5Y/348.8sq.m)
Miurakaigann294,736 JPY (0.3Y/150.0sq.m)87,618 JPY (20.3Y/195.0sq.m)233,346 JPY (5.8Y/92.5sq.m)
Misakiguchi127,083 JPY (31.9Y/147.5sq.m)120,893 JPY (17.6Y/189.3sq.m)136,572 JPY (20.8Y/134.4sq.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

Miurakaigann294,736 JPY/sq.m (+236% compared with the previous year)

The average price of a sq.m Home of Miurakaigann was 294,736 JPY/sq.m. The market value represents an increase of 207,118 JPY (+236.4%) 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 age of the real estate was 0.3 years old (a -98.8% decrease compared to the 20.3 years old of last year.). The average size of the real estate was 150.0 sq.m (a -23.1% decrease compared to the 195.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -39.7% decrease compared to the 157.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.3 years old in 2013 and 0.3 years old in 2014; -98.8%)
  • A dramatic decrease in average distance from the station (representing 33.5 min in 2013 and 14.0 min in 2014; -58.2%)

Horinouchi344,444 JPY/sq.m (+97% compared with the previous year)

The average price of a sq.m Home of Horinouchi was 344,444 JPY/sq.m. The market value represents an increase of 170,039 JPY (+97.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.3 years old (a -99.1% decrease compared to the 27.3 years old of last year.). The average size of the real estate was 100.0 sq.m (a -25.0% decrease compared to the 133.3 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a +25.6% increase compared to the 71.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.3 years old in 2013 and 0.3 years old in 2014; -99.1%)
  • A dramatic decrease in average distance from the station (representing 7.7 min in 2013 and 1.0 min in 2014; -87.0%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2013 and 100.0% of total transactions in 2014)

Keikyuukurihama134,523 JPY/sq.m (-53% compared with the previous year)

The average price of a sq.m Home of Keikyuukurihama was 134,523 JPY/sq.m. The market value represents a decrease of 149,243 JPY (-52.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 6 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 38.3 years old (a +611.4% increase compared to the 5.4 years old of last year.). The average size of the real estate was 157.5 sq.m (a +37.0% increase compared to the 115.0 sq.m of last year.). The average total floor space of the real estate was 112.5 sq.m (a +21.6% increase compared to the 92.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 5.4 years old in 2013 and 38.3 years old in 2014; +611.4%)
  • An increase in average distance from the station (representing 18.6 min in 2013 and 20.5 min in 2014; +10.1%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 12.5% of total transactions in 2013 and 50.0% of total transactions in 2014)

Kitakurihama194,023 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Home of Kitakurihama was 194,023 JPY/sq.m. The market value represents a decrease of 63,620 JPY (-24.7%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 2 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.4 years old (a +76.1% increase compared to the 15.6 years old of last year.). The average size of the real estate was 141.2 sq.m (a -8.3% decrease compared to the 154.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a +0.0% decrease compared to the 105.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.6 years old in 2013 and 27.4 years old in 2014; +76.1%)
  • An increase in average distance from the station (representing 18.2 min in 2013 and 20.8 min in 2014; +14.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2013 and 42.9% of total transactions in 2014)

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)