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 Jul, 2014 to Sep, 2014 was 314,114 JPY/sq.m. The market value represents a decrease of 27,864 JPY (-8.1%) compared to 1 year ago and a transition to a bear market. 113 properties exchanged hands ( The market value represents a decrease of 104 (-47.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.5 years old (a +34.0% increase compared to the 12.3 years old of last year.). The average size of the real estate was 147.3 sq.m (a +5.1% increase compared to the 140.2 sq.m of last year.). The average total floor space of the real estate was 147.5 sq.m (a +20.2% increase compared to the 122.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station, as well as a dramatic increase in transactions involving older buildings over 40 years old.

8 stations have experienced increased prices; 17 stations have experienced decreased prices. Market value of most stations decreased. Hacchounawate, Tsurumiichiba, Keikyuutsurumi, Annjinnduka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hacchounawate station, where prices have increased +71.9% compared to last year; a sq.m unit now costs 517,024 JPY/sq.m.

The top 2 stations has seen prices increase +60.1% (+127,429 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -53.2% (-177,151 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 14.9 min in 2013 and 12.4 min in 2014; -16.9%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.4% of total transactions in 2013 and 15.0% of total transactions in 2014)
  • An increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.3% of total transactions in 2013 and 2.7% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.3 years old in 2013 and 16.5 years old in 2014; +34.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.3% of total transactions in 2013 and 14.3% of total transactions in 2014)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% 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 Hacchounawate, the highest market value along this railway was 517,024 JPY/sq.m. The market value represents an increase of 216,192 JPY (+71.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Koganechou, the lowest market value along this railway was 112,244 JPY/sq.m. The market value represents a decrease of 165,220 JPY (-59.5%) 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.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2014)1 year ago2 years ago
Keikyuukawasaki--179,245 JPY (18.5Y/220.0sq.m)
Hacchounawate517,024 JPY (0.5Y/100.0sq.m)300,833 JPY (6.0Y/62.5sq.m)365,132 JPY (11.8Y/61.2sq.m)
Tsurumiichiba472,202 JPY (0.7Y/82.0sq.m)321,412 JPY (21.4Y/304.4sq.m)612,210 JPY (13.3Y/74.0sq.m)
Keikyuutsurumi448,148 JPY (0.5Y/76.7sq.m)312,364 JPY (8.0Y/102.5sq.m)428,702 JPY (8.7Y/88.9sq.m)
Kagetsuennmae350,000 JPY (44.5Y/85.0sq.m)522,222 JPY (0.5Y/100.0sq.m)-
Namamugi316,984 JPY (9.2Y/138.3sq.m)375,520 JPY (10.3Y/138.8sq.m)385,031 JPY (12.4Y/115.0sq.m)
Keikyuushinnkoyasu---
Koyasu-158,620 JPY (44.5Y/95.0sq.m)-
Kanagawashinnmachi-331,312 JPY (11.0Y/80.0sq.m)-
Nakakido187,500 JPY (40.5Y/65.0sq.m)-136,000 JPY (19.5Y/85.0sq.m)
Kanagawa---
Yokohama428,744 JPY (27.2Y/163.8sq.m)565,349 JPY (12.3Y/110.0sq.m)333,333 JPY (29.5Y/70.0sq.m)
Tobe303,330 JPY (19.5Y/71.2sq.m)432,500 JPY (7.8Y/71.7sq.m)445,160 JPY (0.5Y/66.2sq.m)
Hinodechou246,840 JPY (19.5Y/62.5sq.m)400,526 JPY (2.0Y/60.0sq.m)285,624 JPY (18.5Y/79.0sq.m)
Koganechou112,244 JPY (22.5Y/165.0sq.m)277,464 JPY (25.0Y/180.0sq.m)-
Minamioota-343,045 JPY (14.1Y/118.6sq.m)290,322 JPY (19.5Y/165.0sq.m)
Idogaya386,315 JPY (2.5Y/91.2sq.m)347,957 JPY (16.7Y/134.4sq.m)359,529 JPY (4.6Y/112.0sq.m)
Gumyoji324,116 JPY (15.9Y/132.2sq.m)324,811 JPY (12.6Y/108.5sq.m)378,244 JPY (12.1Y/159.6sq.m)
Kamioooka331,376 JPY (15.9Y/129.7sq.m)373,100 JPY (12.9Y/161.7sq.m)318,765 JPY (16.4Y/121.9sq.m)
Byoubugaura357,282 JPY (6.5Y/102.0sq.m)316,527 JPY (12.4Y/118.6sq.m)178,282 JPY (24.5Y/260.0sq.m)
Sugita387,778 JPY (0.5Y/118.8sq.m)341,054 JPY (11.4Y/122.5sq.m)386,442 JPY (7.5Y/105.8sq.m)
Keikyuutomioka213,844 JPY (40.5Y/166.7sq.m)402,926 JPY (10.0Y/166.8sq.m)387,028 JPY (13.0Y/138.5sq.m)
Noukenndai311,111 JPY (28.0Y/198.0sq.m)416,596 JPY (18.1Y/177.0sq.m)334,872 JPY (17.7Y/280.6sq.m)
Kanazawabunnko342,963 JPY (18.7Y/152.5sq.m)394,731 JPY (8.0Y/122.9sq.m)360,839 JPY (8.7Y/143.8sq.m)
Kanazawahakkei263,017 JPY (9.2Y/173.8sq.m)331,471 JPY (5.9Y/100.9sq.m)346,695 JPY (3.8Y/121.4sq.m)
Oppama267,480 JPY (9.7Y/204.0sq.m)234,059 JPY (21.6Y/163.0sq.m)345,607 JPY (23.5Y/86.7sq.m)
Keikyuutaura132,381 JPY (21.2Y/158.3sq.m)246,645 JPY (0.5Y/100.0sq.m)202,941 JPY (21.5Y/110.0sq.m)
Annjinnduka118,666 JPY (31.0Y/115.0sq.m)80,000 JPY (40.5Y/100.0sq.m)-
Hemi-240,530 JPY (12.5Y/180.0sq.m)282,352 JPY (7.5Y/87.5sq.m)
Shioiri191,666 JPY (22.5Y/150.0sq.m)197,857 JPY (22.5Y/200.0sq.m)429,902 JPY (42.2Y/165.0sq.m)
Yokosukachuuou164,402 JPY (34.3Y/121.0sq.m)232,291 JPY (12.0Y/165.0sq.m)472,222 JPY (0.5Y/107.5sq.m)
Kennritsudaigaku-190,000 JPY (8.5Y/95.0sq.m)505,060 JPY (0.5Y/95.0sq.m)
Horinouchi-231,784 JPY (25.5Y/426.7sq.m)397,809 JPY (6.5Y/202.5sq.m)
Keikyuuootsu--325,000 JPY (4.5Y/55.0sq.m)
Maborikaigann258,552 JPY (3.5Y/120.0sq.m)305,233 JPY (19.3Y/182.5sq.m)321,256 JPY (6.8Y/143.3sq.m)
Uraga166,476 JPY (35.5Y/591.2sq.m)214,331 JPY (10.5Y/171.4sq.m)189,218 JPY (25.2Y/170.0sq.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

Hacchounawate517,024 JPY/sq.m (+72% compared with the previous year)

The average price of a sq.m Home of Hacchounawate was 517,024 JPY/sq.m. The market value represents an increase of 216,192 JPY (+71.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.5 years old (a -91.6% decrease compared to the 6.0 years old of last year.). The average size of the real estate was 100.0 sq.m (a +60.0% increase compared to the 62.5 sq.m of last year.). The average total floor space of the real estate was 122.5 sq.m (a +25.6% increase compared to the 97.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 6.0 years old in 2013 and 0.5 years old in 2014; -91.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2013 and 9.5 min in 2014; +35.7%)

Annjinnduka118,666 JPY/sq.m (+48% compared with the previous year)

The average price of a sq.m Home of Annjinnduka was 118,666 JPY/sq.m. The market value represents an increase of 38,666 JPY (+48.3%) 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.).

The average age of the real estate was 31.0 years old (a -23.5% decrease compared to the 40.5 years old of last year.). The average size of the real estate was 115.0 sq.m (a +15.0% increase compared to the 100.0 sq.m of last year.). The average total floor space of the real estate was 87.5 sq.m (a -23.9% decrease compared to the 115.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 40.5 years old in 2013 and 31.0 years old in 2014; -23.5%)
  • 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)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Koganechou112,244 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Home of Koganechou was 112,244 JPY/sq.m. The market value represents a decrease of 165,220 JPY (-59.5%) 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 22.5 years old (a -10.0% decrease compared to the 25.0 years old of last year.). The average size of the real estate was 165.0 sq.m (a -8.3% decrease compared to the 180.0 sq.m of last year.). The average total floor space of the real estate was 980.0 sq.m (a +146.5% increase compared to the 397.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 25.0 years old in 2013 and 22.5 years old in 2014; -10.0%)
  • A dramatic decrease in average distance from the station (representing 4.0 min in 2013 and 3.0 min in 2014; -25.0%)

Keikyuutomioka213,844 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Home of Keikyuutomioka was 213,844 JPY/sq.m. The market value represents a decrease of 189,082 JPY (-46.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 17 (-85.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 40.5 years old (a +306.9% increase compared to the 10.0 years old of last year.). The average size of the real estate was 166.7 sq.m (a -0.0% decrease compared to the 166.8 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a +2.1% increase compared to the 107.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.2 min in 2013 and 6.3 min in 2014; -63.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.0% 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 10.0 years old in 2013 and 40.5 years old in 2014; +306.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 10.0% of total transactions in 2013 and 66.7% 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)