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 Dec, 2014 was 334,089 JPY/sq.m. The market value represents an increase of 958 JPY (+0.3%) compared to 1 year ago and a transition to a slight market. 467 properties exchanged hands ( The market value represents a decrease of 338 (-42.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.8 years old (a +10.8% increase compared to the 13.3 years old of last year.). The average size of the real estate was 142.8 sq.m (a +0.7% increase compared to the 141.8 sq.m of last year.). The average total floor space of the real estate was 136.2 sq.m (a +6.7% increase compared to the 127.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some decrease in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

15 stations have experienced increased prices; 20 stations have experienced decreased prices. The overall trend was the same as last year. Nakakido, Kanagawa, Koganechou, Yokosukachuuou, Kennritsudaigaku, Horinouchi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keikyuukawasaki station, where prices have increased +126.5% compared to last year; a sq.m unit now costs 463,157 JPY/sq.m.

The top 2 stations has seen prices increase +121.3% (+418,607 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -28.5% (-77,299 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 1.6% of total transactions in 2013 and 3.4% of total transactions in 2014)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.7% of total transactions in 2013 and 10.9% of total transactions in 2014)

Causes of price decreases

  • An increase in average age of the building (representing 13.3 years old in 2013 and 14.8 years old in 2014; +10.8%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 22.5% of total transactions in 2013 and 25.2% of total transactions in 2014)
  • A some decrease in transactions involving nearly new buildings under 3 years old (representing 48.2% of total transactions in 2013 and 46.5% 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 1,076,597 JPY/sq.m. The market value represents an increase of 578,521 JPY (+116.2%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 8 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Annjinnduka, the lowest market value along this railway was 120,242 JPY/sq.m. The market value represents a decrease of 1,424 JPY (-1.2%) compared to 1 year ago and a transition to a slight market. 4 properties exchanged hands ( The market value represents an increase of 2 (+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
Keikyuukawasaki463,157 JPY (1.0Y/110.0sq.m)204,464 JPY (42.3Y/290.0sq.m)289,622 JPY (9.8Y/145.0sq.m)
Hacchounawate412,887 JPY (17.8Y/196.0sq.m)356,608 JPY (11.3Y/74.6sq.m)342,070 JPY (17.4Y/94.4sq.m)
Tsurumiichiba367,072 JPY (10.2Y/87.2sq.m)326,338 JPY (17.0Y/182.5sq.m)461,416 JPY (17.4Y/82.2sq.m)
Keikyuutsurumi329,637 JPY (9.4Y/87.3sq.m)351,118 JPY (10.4Y/91.5sq.m)517,501 JPY (10.9Y/95.7sq.m)
Kagetsuennmae350,000 JPY (44.5Y/69.0sq.m)369,001 JPY (1.3Y/80.0sq.m)123,076 JPY (38.8Y/135.0sq.m)
Namamugi336,164 JPY (8.4Y/95.2sq.m)358,528 JPY (11.0Y/134.6sq.m)309,082 JPY (13.6Y/98.6sq.m)
Keikyuushinnkoyasu---
Koyasu305,882 JPY (11.0Y/55.0sq.m)345,727 JPY (19.0Y/107.8sq.m)403,087 JPY (9.1Y/76.0sq.m)
Kanagawashinnmachi257,265 JPY (32.9Y/105.0sq.m)324,710 JPY (22.3Y/291.0sq.m)325,012 JPY (14.3Y/110.0sq.m)
Nakakido276,358 JPY (20.6Y/65.0sq.m)225,000 JPY (21.9Y/130.0sq.m)244,646 JPY (25.2Y/116.2sq.m)
Kanagawa582,926 JPY (34.3Y/515.0sq.m)370,196 JPY (24.5Y/587.5sq.m)-
Yokohama1,076,597 JPY (21.8Y/150.0sq.m)498,075 JPY (12.7Y/134.4sq.m)471,905 JPY (20.8Y/214.1sq.m)
Tobe346,592 JPY (22.6Y/83.5sq.m)378,075 JPY (17.6Y/114.7sq.m)418,902 JPY (5.5Y/87.6sq.m)
Hinodechou316,593 JPY (15.4Y/113.3sq.m)372,724 JPY (9.5Y/73.6sq.m)353,551 JPY (16.2Y/92.2sq.m)
Koganechou403,107 JPY (19.3Y/122.8sq.m)252,576 JPY (28.0Y/104.4sq.m)326,612 JPY (10.7Y/81.0sq.m)
Minamioota363,588 JPY (2.1Y/69.4sq.m)317,917 JPY (16.2Y/118.2sq.m)266,191 JPY (16.8Y/145.0sq.m)
Idogaya368,727 JPY (13.9Y/170.8sq.m)344,707 JPY (13.2Y/131.4sq.m)416,280 JPY (6.3Y/143.9sq.m)
Gumyoji300,262 JPY (16.5Y/125.2sq.m)322,425 JPY (15.4Y/117.0sq.m)324,861 JPY (14.9Y/145.7sq.m)
Kamioooka340,983 JPY (13.6Y/122.1sq.m)350,468 JPY (13.8Y/132.3sq.m)344,973 JPY (13.5Y/125.6sq.m)
Byoubugaura332,496 JPY (10.1Y/129.7sq.m)364,619 JPY (8.2Y/121.0sq.m)352,202 JPY (15.5Y/170.6sq.m)
Sugita352,326 JPY (6.2Y/126.8sq.m)370,770 JPY (10.2Y/131.8sq.m)324,006 JPY (14.3Y/132.8sq.m)
Keikyuutomioka353,986 JPY (14.7Y/165.2sq.m)382,530 JPY (9.0Y/157.8sq.m)406,236 JPY (8.9Y/136.4sq.m)
Noukenndai350,080 JPY (19.0Y/220.4sq.m)368,613 JPY (13.9Y/190.6sq.m)393,128 JPY (13.6Y/215.6sq.m)
Kanazawabunnko345,263 JPY (13.1Y/193.6sq.m)375,303 JPY (14.2Y/141.2sq.m)326,512 JPY (17.7Y/149.0sq.m)
Kanazawahakkei355,827 JPY (7.2Y/196.1sq.m)327,477 JPY (8.1Y/110.2sq.m)349,718 JPY (8.6Y/129.3sq.m)
Oppama238,032 JPY (16.7Y/177.7sq.m)266,405 JPY (17.8Y/206.7sq.m)291,806 JPY (17.3Y/203.5sq.m)
Keikyuutaura225,082 JPY (16.0Y/160.9sq.m)242,383 JPY (11.4Y/147.7sq.m)295,116 JPY (9.1Y/110.5sq.m)
Annjinnduka120,242 JPY (27.8Y/106.2sq.m)121,666 JPY (36.7Y/100.0sq.m)36,824 JPY (16.0Y/162.5sq.m)
Hemi273,083 JPY (12.6Y/129.2sq.m)249,737 JPY (10.0Y/172.9sq.m)313,708 JPY (11.1Y/133.1sq.m)
Shioiri240,761 JPY (19.3Y/161.4sq.m)207,891 JPY (17.5Y/230.0sq.m)224,244 JPY (31.1Y/121.9sq.m)
Yokosukachuuou363,486 JPY (26.4Y/139.5sq.m)209,418 JPY (19.0Y/173.9sq.m)278,212 JPY (15.0Y/167.1sq.m)
Kennritsudaigaku238,030 JPY (9.7Y/122.8sq.m)196,211 JPY (6.1Y/173.7sq.m)273,416 JPY (11.9Y/159.4sq.m)
Horinouchi336,928 JPY (0.5Y/105.0sq.m)203,671 JPY (22.8Y/231.4sq.m)332,368 JPY (10.3Y/145.0sq.m)
Keikyuuootsu220,778 JPY (26.0Y/97.5sq.m)310,785 JPY (10.5Y/149.0sq.m)336,796 JPY (9.0Y/100.0sq.m)
Maborikaigann264,504 JPY (11.6Y/139.2sq.m)298,286 JPY (21.1Y/179.3sq.m)297,725 JPY (21.1Y/200.4sq.m)
Uraga166,274 JPY (22.3Y/246.8sq.m)230,865 JPY (12.9Y/151.6sq.m)193,852 JPY (21.5Y/143.0sq.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

Keikyuukawasaki463,157 JPY/sq.m (+127% compared with the previous year)

The average price of a sq.m Home of Keikyuukawasaki was 463,157 JPY/sq.m. The market value represents an increase of 258,693 JPY (+126.5%) 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 1.0 years old (a -97.6% decrease compared to the 42.3 years old of last year.). The average size of the real estate was 110.0 sq.m (a -62.1% decrease compared to the 290.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -87.3% decrease compared to the 750.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 42.3 years old in 2013 and 1.0 years old in 2014; -97.6%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2013 and 9.0 min in 2014; +125.0%)

Yokohama1,076,597 JPY/sq.m (+116% compared with the previous year)

The average price of a sq.m Home of Yokohama was 1,076,597 JPY/sq.m. The market value represents an increase of 578,521 JPY (+116.2%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 8 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.8 years old (a +71.2% increase compared to the 12.7 years old of last year.). The average size of the real estate was 150.0 sq.m (a +11.6% increase compared to the 134.4 sq.m of last year.). The average total floor space of the real estate was 391.7 sq.m (a +107.7% increase compared to the 188.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.8 min in 2013 and 10.8 min in 2014; -27.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.6% of total transactions in 2013 and 40.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.7 years old in 2013 and 21.8 years old in 2014; +71.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.6% of total transactions in 2013 and 22.2% of total transactions in 2014)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 55.6% of total transactions in 2013 and 33.3% of total transactions in 2014)

Keikyuuootsu220,778 JPY/sq.m (-29% compared with the previous year)

The average price of a sq.m Home of Keikyuuootsu was 220,778 JPY/sq.m. The market value represents a decrease of 90,006 JPY (-29.0%) 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 26.0 years old (a +146.8% increase compared to the 10.5 years old of last year.). The average size of the real estate was 97.5 sq.m (a -34.6% decrease compared to the 149.0 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -40.4% decrease compared to the 151.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.6 min in 2013 and 3.5 min in 2014; -47.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.5 years old in 2013 and 26.0 years old in 2014; +146.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Uraga166,274 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Home of Uraga was 166,274 JPY/sq.m. The market value represents a decrease of 64,591 JPY (-28.0%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 20 (-54.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.3 years old (a +73.2% increase compared to the 12.9 years old of last year.). The average size of the real estate was 246.8 sq.m (a +62.8% increase compared to the 151.6 sq.m of last year.). The average total floor space of the real estate was 83.2 sq.m (a -24.3% decrease compared to the 109.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.9 years old in 2013 and 22.3 years old in 2014; +73.2%)
  • An increase in average distance from the station (representing 17.5 min in 2013 and 19.4 min in 2014; +10.8%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 29.7% of total transactions in 2013 and 43.8% of total transactions in 2014)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.4% of total transactions in 2013 and 12.5% 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)