Keikyu Main Line Kanagawa 2014-1Q
Home market report

Keikyu Main Line railway market report

Keikyu Main Line Home market overview

The average price of a sq.m Home of Keikyu Main Line (Keikyuukawasaki to Uraga), in Jan, 2014 to Mar, 2014 was 360,679 JPY/sq.m. The market value represents an increase of 14,256 JPY (+4.1%) compared to 1 year ago and a transition to a some market. 112 properties exchanged hands ( The market value represents a decrease of 99 (-46.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.1 years old (a +10.5% increase compared to the 12.8 years old of last year.). The average size of the real estate was 154.6 sq.m (a +9.5% increase compared to the 141.2 sq.m of last year.). The average total floor space of the real estate was 156.3 sq.m (a +19.4% increase compared to the 131.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m, as well as a dramatic decrease in transactions involving relatively large total floor space more than 100 sq.m.

14 stations have experienced increased prices; 12 stations have experienced decreased prices. Market value of most stations decreased. Namamugi, Tobe, Minamioota, Keikyuutaura, Kennritsudaigaku station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shioiri station, where prices have increased +346.6% compared to last year; a sq.m unit now costs 235,037 JPY/sq.m.

The top 2 stations has seen prices increase +293.4% (+575,292 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.0% (-123,662 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.4% of total transactions in 2013 and 3.6% of total transactions in 2014)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.4% of total transactions in 2013 and 1.8% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 12.8 years old in 2013 and 14.1 years old in 2014; +10.5%)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 52.4% of total transactions in 2013 and 46.8% of total transactions in 2014)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 21.6% of total transactions in 2013 and 25.7% of total transactions in 2014)

Breakdown of each segment

The table below shows Home dealt in Keikyu Main 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 Yokohama, the highest market value along this railway was 1,371,302 JPY/sq.m. The market value represents an increase of 968,177 JPY (+240.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Uraga, the lowest market value along this railway was 178,739 JPY/sq.m. The market value represents a decrease of 92,602 JPY (-34.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2014)1 year ago2 years ago
Keikyuukawasaki463,157 JPY (1.0Y/110.0sq.m)-400,000 JPY (1.0Y/70.0sq.m)
Hacchounawate344,827 JPY (43.0Y/480.0sq.m)418,242 JPY (10.5Y/65.0sq.m)256,924 JPY (30.4Y/111.7sq.m)
Tsurumiichiba452,631 JPY (1.0Y/95.0sq.m)448,297 JPY (0.5Y/77.5sq.m)341,935 JPY (22.0Y/120.0sq.m)
Keikyuutsurumi276,516 JPY (11.6Y/100.6sq.m)387,244 JPY (9.9Y/82.1sq.m)991,296 JPY (1.5Y/120.8sq.m)
Kagetsuennmae-373,333 JPY (0.0Y/70.0sq.m)-
Namamugi420,196 JPY (1.3Y/88.3sq.m)349,038 JPY (12.2Y/104.5sq.m)282,032 JPY (11.6Y/99.3sq.m)
Keikyuushinnkoyasu---
Koyasu305,882 JPY (11.0Y/55.0sq.m)435,556 JPY (18.5Y/155.0sq.m)452,631 JPY (0.0Y/65.0sq.m)
Kanagawashinnmachi362,744 JPY (24.5Y/50.0sq.m)320,701 JPY (23.5Y/558.8sq.m)-
Nakakido-100,000 JPY (47.0Y/240.0sq.m)-
Kanagawa1,000,000 JPY (0.0Y/880.0sq.m)--
Yokohama1,371,302 JPY (17.3Y/168.3sq.m)403,125 JPY (6.0Y/148.8sq.m)414,880 JPY (20.5Y/117.5sq.m)
Tobe425,789 JPY (27.0Y/75.0sq.m)286,620 JPY (31.9Y/124.3sq.m)352,647 JPY (15.3Y/126.7sq.m)
Hinodechou-383,333 JPY (0.5Y/72.5sq.m)-
Koganechou380,392 JPY (5.5Y/57.5sq.m)323,164 JPY (24.4Y/71.7sq.m)305,882 JPY (5.0Y/90.0sq.m)
Minamioota348,750 JPY (0.0Y/77.5sq.m)211,428 JPY (23.5Y/75.0sq.m)296,459 JPY (11.0Y/120.0sq.m)
Idogaya320,578 JPY (18.2Y/267.0sq.m)353,571 JPY (9.3Y/103.6sq.m)439,096 JPY (1.9Y/109.5sq.m)
Gumyoji267,017 JPY (21.6Y/112.8sq.m)319,441 JPY (15.5Y/111.2sq.m)290,122 JPY (14.6Y/137.9sq.m)
Kamioooka325,153 JPY (11.2Y/104.1sq.m)372,589 JPY (10.4Y/128.8sq.m)351,892 JPY (14.1Y/124.3sq.m)
Byoubugaura410,560 JPY (3.8Y/128.8sq.m)366,034 JPY (13.2Y/131.8sq.m)479,967 JPY (4.8Y/115.0sq.m)
Sugita379,736 JPY (0.5Y/107.5sq.m)361,253 JPY (10.5Y/123.8sq.m)309,103 JPY (14.0Y/270.0sq.m)
Keikyuutomioka422,186 JPY (4.6Y/115.7sq.m)382,931 JPY (8.1Y/155.3sq.m)430,537 JPY (10.2Y/145.0sq.m)
Noukenndai348,587 JPY (12.7Y/238.9sq.m)367,742 JPY (11.7Y/177.1sq.m)444,202 JPY (9.3Y/177.1sq.m)
Kanazawabunnko303,147 JPY (23.6Y/207.1sq.m)379,006 JPY (12.9Y/159.3sq.m)278,340 JPY (30.5Y/170.6sq.m)
Kanazawahakkei364,995 JPY (0.7Y/115.0sq.m)406,174 JPY (0.5Y/103.8sq.m)482,089 JPY (0.0Y/135.0sq.m)
Oppama203,955 JPY (24.9Y/183.9sq.m)302,549 JPY (6.0Y/211.0sq.m)285,159 JPY (16.7Y/153.5sq.m)
Keikyuutaura319,167 JPY (8.3Y/153.3sq.m)262,370 JPY (21.3Y/151.7sq.m)346,162 JPY (5.6Y/125.0sq.m)
Annjinnduka--36,824 JPY (16.0Y/162.5sq.m)
Hemi214,166 JPY (20.0Y/100.0sq.m)368,888 JPY (4.5Y/175.0sq.m)336,842 JPY (0.0Y/110.0sq.m)
Shioiri235,037 JPY (25.5Y/220.0sq.m)52,631 JPY (42.0Y/190.0sq.m)105,062 JPY (18.7Y/97.5sq.m)
Yokosukachuuou608,426 JPY (22.0Y/143.3sq.m)266,496 JPY (0.0Y/132.5sq.m)234,030 JPY (12.5Y/170.0sq.m)
Kennritsudaigaku297,515 JPY (9.0Y/121.0sq.m)186,682 JPY (4.0Y/135.0sq.m)162,276 JPY (13.0Y/303.3sq.m)
Horinouchi-210,000 JPY (19.7Y/163.3sq.m)341,158 JPY (3.7Y/125.8sq.m)
Keikyuuootsu-378,947 JPY (0.0Y/150.0sq.m)365,217 JPY (28.0Y/160.0sq.m)
Maborikaigann-333,337 JPY (30.6Y/193.8sq.m)304,201 JPY (19.5Y/220.0sq.m)
Uraga178,739 JPY (14.0Y/257.5sq.m)271,341 JPY (4.2Y/141.0sq.m)181,600 JPY (13.1Y/116.2sq.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

Shioiri235,037 JPY/sq.m (+347% compared with the previous year)

The average price of a sq.m Home of Shioiri was 235,037 JPY/sq.m. The market value represents an increase of 182,406 JPY (+346.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.5 years old (a -39.3% decrease compared to the 42.0 years old of last year.). The average size of the real estate was 220.0 sq.m (a +15.8% increase compared to the 190.0 sq.m of last year.). The average total floor space of the real estate was 318.3 sq.m (a +235.1% 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 42.0 years old in 2013 and 25.5 years old in 2014; -39.3%)
  • A dramatic decrease in average distance from the station (representing 13.0 min in 2013 and 9.0 min in 2014; -30.8%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Yokohama1,371,302 JPY/sq.m (+240% compared with the previous year)

The average price of a sq.m Home of Yokohama was 1,371,302 JPY/sq.m. The market value represents an increase of 968,177 JPY (+240.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.3 years old (a +186.9% increase compared to the 6.0 years old of last year.). The average size of the real estate was 168.3 sq.m (a +13.2% increase compared to the 148.8 sq.m of last year.). The average total floor space of the real estate was 346.7 sq.m (a +169.3% increase compared to the 128.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.5 min in 2013 and 11.3 min in 2014; -35.2%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.0 years old in 2013 and 17.3 years old in 2014; +186.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2013 and 66.7% of total transactions in 2014)

Hemi214,166 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Home of Hemi was 214,166 JPY/sq.m. The market value represents a decrease of 154,722 JPY (-41.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 20.0 years old (a +344.5% increase compared to the 4.5 years old of last year.). The average size of the real estate was 100.0 sq.m (a -42.9% decrease compared to the 175.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a +10.5% increase compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.5 min in 2013 and 8.5 min in 2014; -60.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.5 years old in 2013 and 20.0 years old in 2014; +344.5%)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Uraga178,739 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Home of Uraga was 178,739 JPY/sq.m. The market value represents a decrease of 92,602 JPY (-34.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.0 years old (a +233.3% increase compared to the 4.2 years old of last year.). The average size of the real estate was 257.5 sq.m (a +82.6% increase compared to the 141.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -13.6% decrease compared to the 110.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.8 min in 2013 and 9.0 min in 2014; -23.7%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.2 years old in 2013 and 14.0 years old in 2014; +233.3%)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 60.0% of total transactions in 2013 and 50.0% 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)