Keikyu Kurihama Line Kanagawa 2014-3Q
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 Jul, 2014 to Sep, 2014 was 230,559 JPY/sq.m. The market value represents a decrease of 4,174 JPY (-1.8%) compared to 1 year ago and a transition to a slight market. 21 properties exchanged hands ( The market value represents a decrease of 32 (-60.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.3 years old (a +28.8% increase compared to the 15.0 years old of last year.). The average size of the real estate was 198.8 sq.m (a +26.6% increase compared to the 157.1 sq.m of last year.). The average total floor space of the real estate was 219.0 sq.m (a +98.9% increase compared to the 110.1 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 very large total floor space more than 200 sq.m.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kitakurihama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kitakurihama station, where prices have increased +30.0% compared to last year; a sq.m unit now costs 253,855 JPY/sq.m.

The top 1 stations has seen prices increase +30.0% (+58,618 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -39.8% (-62,379 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.5% of total transactions in 2013 and 19.0% of total transactions in 2014)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 30.2% of total transactions in 2013 and 42.1% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 15.0 years old in 2013 and 19.3 years old in 2014; +28.8%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.7% of total transactions in 2013 and 21.1% 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 Keikyuukurihama, the highest market value along this railway was 287,285 JPY/sq.m. The market value represents a decrease of 36,183 JPY (-11.2%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 10 (-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 94,438 JPY/sq.m. The market value represents a decrease of 62,379 JPY (-39.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) 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
Horinouchi-231,784 JPY (25.5Y/426.7sq.m)397,809 JPY (6.5Y/202.5sq.m)
Shinnootsu284,210 JPY (0.5Y/110.0sq.m)415,789 JPY (2.0Y/137.5sq.m)186,666 JPY (31.5Y/105.0sq.m)
Kitakurihama253,855 JPY (19.2Y/180.7sq.m)195,237 JPY (16.8Y/129.5sq.m)352,984 JPY (0.2Y/121.1sq.m)
Keikyuukurihama287,285 JPY (7.7Y/94.0sq.m)323,468 JPY (8.8Y/141.3sq.m)280,380 JPY (6.5Y/130.3sq.m)
Waia-Rupi-Nobi232,889 JPY (31.2Y/138.3sq.m)212,426 JPY (18.4Y/120.0sq.m)280,726 JPY (9.9Y/126.2sq.m)
Keikyuunagasawa131,578 JPY (19.5Y/990.0sq.m)--
Tsukuihama-105,044 JPY (29.5Y/110.0sq.m)-
Miurakaigann-246,111 JPY (3.5Y/145.0sq.m)287,521 JPY (3.9Y/150.0sq.m)
Misakiguchi94,438 JPY (33.2Y/231.2sq.m)156,817 JPY (18.4Y/170.5sq.m)80,432 JPY (22.7Y/331.0sq.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.

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Noteworthy stations

Kitakurihama253,855 JPY/sq.m (+30% compared with the previous year)

The average price of a sq.m Home of Kitakurihama was 253,855 JPY/sq.m. The market value represents an increase of 58,618 JPY (+30.0%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 4 (-36.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.2 years old (a +14.3% increase compared to the 16.8 years old of last year.). The average size of the real estate was 180.7 sq.m (a +39.5% increase compared to the 129.5 sq.m of last year.). The average total floor space of the real estate was 186.4 sq.m (a +89.0% increase compared to the 98.6 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.1% of total transactions in 2013 and 28.6% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 16.8 years old in 2013 and 19.2 years old in 2014; +14.3%)

Misakiguchi94,438 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Home of Misakiguchi was 94,438 JPY/sq.m. The market value represents a decrease of 62,379 JPY (-39.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 7 (-63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 33.2 years old (a +80.0% increase compared to the 18.4 years old of last year.). The average size of the real estate was 231.2 sq.m (a +35.7% increase compared to the 170.5 sq.m of last year.). The average total floor space of the real estate was 126.7 sq.m (a +13.3% increase compared to the 111.8 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 9.1% of total transactions in 2013 and 33.3% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.4 years old in 2013 and 33.2 years old in 2014; +80.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.1% of total transactions in 2013 and 33.3% 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)