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 Oct, 2014 to Dec, 2014 was 324,554 JPY/sq.m. The market value represents an increase of 4,238 JPY (+1.3%) compared to 1 year ago and a transition to a slight market. 129 properties exchanged hands ( The market value represents a decrease of 38 (-22.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.8 years old (a -8.3% decrease compared to the 15.0 years old of last year.). The average size of the real estate was 134.4 sq.m (a -7.4% decrease compared to the 145.1 sq.m of last year.). The average total floor space of the real estate was 120.7 sq.m (a -5.6% decrease compared to the 127.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old, as well as a dramatic increase 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. Keikyuutsurumi, Kamioooka, Noukenndai, Kanazawahakkei, Keikyuutaura, Horinouchi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yokosukachuuou station, where prices have increased +227.0% compared to last year; a sq.m unit now costs 425,000 JPY/sq.m.

The top 2 stations has seen prices increase +147.6% (+214,266 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -53.8% (-162,988 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 41.4% of total transactions in 2013 and 50.9% of total transactions in 2014)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 25.3% of total transactions in 2013 and 23.3% of total transactions in 2014)

Causes of price decreases

  • An decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.8% of total transactions in 2013 and 1.6% 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 500,000 JPY/sq.m. The market value represents an increase of 26,316 JPY (+5.6%) compared to 1 year ago and a transition to a strong market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Annjinnduka, the lowest market value along this railway was 123,636 JPY/sq.m. The market value represents a decrease of 39,697 JPY (-24.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2014)1 year ago2 years ago
Keikyuukawasaki---
Hacchounawate342,780 JPY (13.8Y/150.0sq.m)302,400 JPY (23.1Y/57.5sq.m)505,263 JPY (0.8Y/175.0sq.m)
Tsurumiichiba228,236 JPY (21.3Y/77.5sq.m)321,960 JPY (15.6Y/108.0sq.m)297,606 JPY (22.8Y/62.5sq.m)
Keikyuutsurumi340,413 JPY (11.2Y/83.0sq.m)250,775 JPY (18.6Y/105.0sq.m)382,891 JPY (19.3Y/100.5sq.m)
Kagetsuennmae-410,000 JPY (0.8Y/100.0sq.m)123,076 JPY (38.8Y/135.0sq.m)
Namamugi317,846 JPY (8.0Y/107.0sq.m)303,835 JPY (19.1Y/210.0sq.m)255,916 JPY (17.1Y/100.5sq.m)
Keikyuushinnkoyasu---
Koyasu-379,698 JPY (4.1Y/63.3sq.m)389,473 JPY (0.8Y/60.0sq.m)
Kanagawashinnmachi-349,220 JPY (22.8Y/150.0sq.m)395,000 JPY (7.3Y/80.0sq.m)
Nakakido365,217 JPY (0.8Y/65.0sq.m)-453,333 JPY (-0.2Y/45.0sq.m)
Kanagawa-293,333 JPY (48.8Y/1100.0sq.m)-
Yokohama500,000 JPY (0.8Y/170.0sq.m)473,684 JPY (0.8Y/55.0sq.m)538,453 JPY (22.0Y/358.0sq.m)
Tobe426,798 JPY (15.8Y/53.8sq.m)460,025 JPY (0.5Y/92.5sq.m)509,244 JPY (3.8Y/85.0sq.m)
Hinodechou378,151 JPY (8.4Y/160.0sq.m)484,210 JPY (33.8Y/85.0sq.m)486,574 JPY (0.8Y/81.7sq.m)
Koganechou339,655 JPY (39.8Y/97.5sq.m)-270,588 JPY (5.8Y/75.0sq.m)
Minamioota353,781 JPY (8.8Y/57.5sq.m)334,285 JPY (18.1Y/141.7sq.m)271,818 JPY (23.8Y/155.0sq.m)
Idogaya452,308 JPY (32.8Y/133.3sq.m)391,386 JPY (7.9Y/157.1sq.m)430,694 JPY (14.8Y/184.4sq.m)
Gumyoji278,616 JPY (15.2Y/105.3sq.m)325,849 JPY (19.0Y/128.1sq.m)350,863 JPY (16.1Y/135.7sq.m)
Kamioooka375,553 JPY (9.0Y/123.8sq.m)295,925 JPY (21.6Y/125.0sq.m)360,817 JPY (13.4Y/131.4sq.m)
Byoubugaura227,006 JPY (20.5Y/116.2sq.m)399,450 JPY (3.7Y/116.0sq.m)362,102 JPY (13.6Y/179.0sq.m)
Sugita344,583 JPY (7.5Y/143.8sq.m)436,291 JPY (1.9Y/108.6sq.m)328,434 JPY (15.6Y/106.4sq.m)
Keikyuutomioka423,710 JPY (12.8Y/208.0sq.m)419,186 JPY (7.0Y/154.0sq.m)408,968 JPY (6.5Y/140.6sq.m)
Noukenndai399,248 JPY (11.6Y/205.0sq.m)295,100 JPY (10.8Y/249.0sq.m)412,907 JPY (13.2Y/180.0sq.m)
Kanazawabunnko303,038 JPY (11.4Y/291.0sq.m)349,017 JPY (20.4Y/104.0sq.m)313,281 JPY (20.6Y/147.5sq.m)
Kanazawahakkei429,040 JPY (15.5Y/353.8sq.m)332,239 JPY (10.8Y/138.3sq.m)274,528 JPY (20.6Y/137.0sq.m)
Oppama242,156 JPY (8.8Y/170.0sq.m)286,133 JPY (12.4Y/251.7sq.m)307,176 JPY (13.4Y/312.0sq.m)
Keikyuutaura400,000 JPY (0.0Y/100.0sq.m)285,264 JPY (4.4Y/131.7sq.m)208,627 JPY (9.3Y/60.0sq.m)
Annjinnduka123,636 JPY (27.8Y/65.0sq.m)163,333 JPY (32.8Y/100.0sq.m)-
Hemi-89,661 JPY (14.8Y/172.5sq.m)10,600 JPY (40.8Y/75.0sq.m)
Shioiri315,789 JPY (0.8Y/105.0sq.m)-84,000 JPY (34.8Y/90.0sq.m)
Yokosukachuuou425,000 JPY (-0.2Y/180.0sq.m)129,974 JPY (35.2Y/81.7sq.m)257,052 JPY (14.8Y/224.0sq.m)
Kennritsudaigaku125,000 JPY (0.0Y/143.3sq.m)117,216 JPY (18.8Y/168.8sq.m)212,778 JPY (11.3Y/82.5sq.m)
Horinouchi329,411 JPY (0.8Y/110.0sq.m)195,905 JPY (16.8Y/187.5sq.m)287,090 JPY (19.0Y/155.0sq.m)
Keikyuuootsu127,272 JPY (37.8Y/115.0sq.m)350,000 JPY (0.8Y/105.0sq.m)328,482 JPY (1.8Y/92.5sq.m)
Maborikaigann229,374 JPY (25.3Y/165.0sq.m)363,636 JPY (8.8Y/190.0sq.m)259,031 JPY (23.5Y/247.5sq.m)
Uraga131,753 JPY (27.4Y/126.7sq.m)235,001 JPY (19.1Y/176.1sq.m)175,170 JPY (25.1Y/138.3sq.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

Yokosukachuuou425,000 JPY/sq.m (+227% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 425,000 JPY/sq.m. The market value represents an increase of 295,026 JPY (+227.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was -0.2 years old (a -100.7% decrease compared to the 35.2 years old of last year.). The average size of the real estate was 180.0 sq.m (a +120.4% increase compared to the 81.7 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a -72.9% decrease compared to the 295.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.2 years old in 2013 and -0.2 years old in 2014; -100.7%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.3 min in 2013 and 12.5 min in 2014; +50.0%)

Horinouchi329,411 JPY/sq.m (+68% compared with the previous year)

The average price of a sq.m Home of Horinouchi was 329,411 JPY/sq.m. The market value represents an increase of 133,506 JPY (+68.1%) 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 0.8 years old (a -95.5% decrease compared to the 16.8 years old of last year.). The average size of the real estate was 110.0 sq.m (a -41.3% decrease compared to the 187.5 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -24.4% decrease compared to the 112.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 16.8 years old in 2013 and 0.8 years old in 2014; -95.5%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2013 and 20.0 min in 2014; +53.8%)

Keikyuuootsu127,272 JPY/sq.m (-64% compared with the previous year)

The average price of a sq.m Home of Keikyuuootsu was 127,272 JPY/sq.m. The market value represents a decrease of 222,728 JPY (-63.6%) 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 37.8 years old (a +4914.2% increase compared to the 0.8 years old of last year.). The average size of the real estate was 115.0 sq.m (a +9.5% increase compared to the 105.0 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a +37.5% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2013 and 4.0 min in 2014; -83.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.8 years old in 2013 and 37.8 years old in 2014; +4914.2%)

Uraga131,753 JPY/sq.m (-44% compared with the previous year)

The average price of a sq.m Home of Uraga was 131,753 JPY/sq.m. The market value represents a decrease of 103,248 JPY (-43.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 8 (-57.1%) 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 +43.3% increase compared to the 19.1 years old of last year.). The average size of the real estate was 126.7 sq.m (a -28.1% decrease compared to the 176.1 sq.m of last year.). The average total floor space of the real estate was 79.0 sq.m (a -38.4% decrease compared to the 128.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.1 years old in 2013 and 27.4 years old in 2014; +43.3%)
  • An increase in average distance from the station (representing 18.8 min in 2013 and 21.0 min in 2014; +11.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 35.7% of total transactions in 2013 and 83.3% 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)