Keikyu Main Line Kanagawa 2014-2Q
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 Apr, 2014 to Jun, 2014 was 336,230 JPY/sq.m. The market value represents an increase of 15,291 JPY (+4.8%) compared to 1 year ago and a transition to a some market. 113 properties exchanged hands ( The market value represents a decrease of 97 (-46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.9 years old (a +8.9% increase compared to the 13.7 years old of last year.). The average size of the real estate was 136.0 sq.m (a -3.9% decrease compared to the 141.5 sq.m of last year.). The average total floor space of the real estate was 121.2 sq.m (a -6.0% decrease compared to the 128.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station, as well as a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

13 stations have experienced increased prices; 15 stations have experienced decreased prices. Market value of most stations decreased. Tsurumiichiba, Kanazawahakkei, Horinouchi, Maborikaigann station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yokohama station, where prices have increased +215.3% compared to last year; a sq.m unit now costs 1,570,690 JPY/sq.m.

The top 2 stations has seen prices increase +214.5% (+713,023 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -56.4% (-233,428 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 1.0% of total transactions in 2013 and 6.2% of total transactions in 2014)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 23.7% of total transactions in 2013 and 26.2% of total transactions in 2014)
  • A some decrease in transactions involving nearly new buildings under 3 years old (representing 46.4% of total transactions in 2013 and 44.9% 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 1,570,690 JPY/sq.m. The market value represents an increase of 1,072,535 JPY (+215.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Kanagawashinnmachi, the lowest market value along this railway was 151,786 JPY/sq.m. The market value represents a decrease of 98,214 JPY (-39.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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
Keikyuukawasaki-204,464 JPY (42.3Y/290.0sq.m)-
Hacchounawate-550,000 JPY (0.3Y/230.0sq.m)-
Tsurumiichiba357,763 JPY (12.3Y/96.7sq.m)288,830 JPY (17.9Y/104.0sq.m)154,545 JPY (22.3Y/125.0sq.m)
Keikyuutsurumi344,444 JPY (1.3Y/65.0sq.m)411,289 JPY (7.3Y/83.1sq.m)376,786 JPY (4.0Y/60.0sq.m)
Kagetsuennmae-320,225 JPY (2.3Y/72.0sq.m)-
Namamugi324,724 JPY (10.8Y/78.5sq.m)381,406 JPY (4.8Y/102.2sq.m)289,481 JPY (12.1Y/70.6sq.m)
Keikyuushinnkoyasu---
Koyasu-314,238 JPY (25.6Y/125.0sq.m)391,111 JPY (14.9Y/85.0sq.m)
Kanagawashinnmachi151,786 JPY (41.3Y/160.0sq.m)250,000 JPY (38.3Y/65.0sq.m)255,024 JPY (21.3Y/140.0sq.m)
Nakakido-287,500 JPY (9.3Y/75.0sq.m)194,625 JPY (40.8Y/167.5sq.m)
Kanagawa165,853 JPY (34.3Y/150.0sq.m)447,058 JPY (0.3Y/75.0sq.m)-
Yokohama1,570,690 JPY (30.8Y/85.0sq.m)498,154 JPY (18.6Y/158.6sq.m)445,198 JPY (16.3Y/86.7sq.m)
Tobe244,537 JPY (31.9Y/145.0sq.m)452,632 JPY (16.8Y/190.0sq.m)374,297 JPY (3.5Y/84.2sq.m)
Hinodechou271,428 JPY (28.3Y/75.0sq.m)278,571 JPY (13.8Y/82.5sq.m)294,117 JPY (53.3Y/190.0sq.m)
Koganechou518,906 JPY (20.3Y/157.5sq.m)165,397 JPY (33.6Y/86.7sq.m)352,196 JPY (14.3Y/80.0sq.m)
Minamioota373,446 JPY (0.3Y/71.0sq.m)311,904 JPY (13.8Y/125.0sq.m)140,000 JPY (17.3Y/180.0sq.m)
Idogaya323,809 JPY (0.3Y/120.0sq.m)306,998 JPY (16.6Y/130.5sq.m)448,284 JPY (4.8Y/192.1sq.m)
Gumyoji320,340 JPY (15.9Y/151.1sq.m)319,584 JPY (16.7Y/126.9sq.m)290,357 JPY (16.6Y/154.6sq.m)
Kamioooka293,136 JPY (24.1Y/128.8sq.m)386,022 JPY (7.0Y/122.1sq.m)354,540 JPY (10.0Y/125.9sq.m)
Byoubugaura325,384 JPY (10.8Y/227.5sq.m)380,848 JPY (1.0Y/113.5sq.m)342,500 JPY (21.8Y/148.8sq.m)
Sugita186,666 JPY (35.3Y/130.0sq.m)372,317 JPY (13.3Y/158.9sq.m)291,196 JPY (17.3Y/126.8sq.m)
Keikyuutomioka296,043 JPY (15.1Y/183.6sq.m)295,806 JPY (10.6Y/146.1sq.m)403,048 JPY (3.5Y/120.4sq.m)
Noukenndai330,832 JPY (28.6Y/224.2sq.m)388,593 JPY (17.6Y/185.7sq.m)391,525 JPY (13.1Y/216.4sq.m)
Kanazawabunnko388,673 JPY (3.2Y/163.2sq.m)366,246 JPY (19.3Y/164.0sq.m)351,386 JPY (12.3Y/132.0sq.m)
Kanazawahakkei341,852 JPY (0.6Y/96.7sq.m)274,189 JPY (14.7Y/116.4sq.m)-
Oppama275,833 JPY (10.8Y/149.2sq.m)238,932 JPY (31.9Y/192.0sq.m)234,635 JPY (26.3Y/182.5sq.m)
Keikyuutaura180,314 JPY (17.8Y/183.8sq.m)192,036 JPY (17.3Y/192.5sq.m)-
Annjinnduka120,000 JPY (21.3Y/130.0sq.m)--
Hemi332,000 JPY (5.3Y/147.5sq.m)350,000 JPY (11.3Y/155.0sq.m)399,378 JPY (8.3Y/176.2sq.m)
Shioiri232,000 JPY (22.3Y/107.5sq.m)295,556 JPY (0.3Y/280.0sq.m)-
Yokosukachuuou-220,531 JPY (16.4Y/238.3sq.m)213,594 JPY (26.6Y/110.0sq.m)
Kennritsudaigaku166,666 JPY (13.3Y/70.0sq.m)232,242 JPY (4.0Y/199.0sq.m)269,118 JPY (22.3Y/85.0sq.m)
Horinouchi344,444 JPY (0.3Y/100.0sq.m)174,405 JPY (27.3Y/133.3sq.m)299,018 JPY (15.5Y/106.2sq.m)
Keikyuuootsu314,285 JPY (14.3Y/80.0sq.m)274,992 JPY (17.3Y/163.3sq.m)-
Maborikaigann346,666 JPY (0.3Y/100.0sq.m)259,394 JPY (18.1Y/165.8sq.m)321,468 JPY (33.3Y/181.7sq.m)
Uraga195,727 JPY (11.7Y/111.0sq.m)217,724 JPY (10.4Y/112.7sq.m)212,830 JPY (21.6Y/137.1sq.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

Yokohama1,570,690 JPY/sq.m (+215% compared with the previous year)

The average price of a sq.m Home of Yokohama was 1,570,690 JPY/sq.m. The market value represents an increase of 1,072,535 JPY (+215.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.8 years old (a +65.9% increase compared to the 18.6 years old of last year.). The average size of the real estate was 85.0 sq.m (a -46.4% decrease compared to the 158.6 sq.m of last year.). The average total floor space of the real estate was 112.5 sq.m (a -58.9% decrease compared to the 273.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.6 min in 2013 and 6.0 min in 2014; -55.8%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2013 and 50.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.6 years old in 2013 and 30.8 years old in 2014; +65.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.3% of total transactions in 2013 and 50.0% of total transactions in 2014)

Koganechou518,906 JPY/sq.m (+214% compared with the previous year)

The average price of a sq.m Home of Koganechou was 518,906 JPY/sq.m. The market value represents an increase of 353,510 JPY (+213.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.3 years old (a -39.7% decrease compared to the 33.6 years old of last year.). The average size of the real estate was 157.5 sq.m (a +81.7% increase compared to the 86.7 sq.m of last year.). The average total floor space of the real estate was 97.5 sq.m (a +19.4% increase compared to the 81.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 33.6 years old in 2013 and 20.3 years old in 2014; -39.7%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2013 and 75.0% of total transactions in 2014)

Kanagawa165,853 JPY/sq.m (-63% compared with the previous year)

The average price of a sq.m Home of Kanagawa was 165,853 JPY/sq.m. The market value represents a decrease of 281,205 JPY (-62.9%) 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 34.3 years old (a +13497.8% increase compared to the 0.3 years old of last year.). The average size of the real estate was 150.0 sq.m (a +100.0% increase compared to the 75.0 sq.m of last year.). The average total floor space of the real estate was 410.0 sq.m (a +382.4% increase compared to the 85.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.0 min in 2013 and 8.0 min in 2014; -11.1%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.3 years old in 2013 and 34.3 years old in 2014; +13497.8%)

Sugita186,666 JPY/sq.m (-50% compared with the previous year)

The average price of a sq.m Home of Sugita was 186,666 JPY/sq.m. The market value represents a decrease of 185,651 JPY (-49.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 13 (-92.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.3 years old (a +164.5% increase compared to the 13.3 years old of last year.). The average size of the real estate was 130.0 sq.m (a -18.2% decrease compared to the 158.9 sq.m of last year.). The average total floor space of the real estate was 75.0 sq.m (a -20.8% decrease compared to the 94.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.5 min in 2013 and 7.0 min in 2014; -33.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.3 years old in 2013 and 35.3 years old in 2014; +164.5%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 15.4% of total transactions in 2013 and 100.0% 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)