Keikyu Main Line Kanagawa 2015-2Q
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, 2015 to Jun, 2015 was 297,572 JPY/sq.m. The market value represents a decrease of 38,658 JPY (-11.5%) compared to 1 year ago and a transition to a weak market. 110 properties exchanged hands ( The market value represents a decrease of 3 (-2.7%) compared to 1 year ago and a transition to a slight market.).

The average age of the real estate was 18.1 years old (a +21.4% increase compared to the 14.9 years old of last year.). The average size of the real estate was 144.6 sq.m (a +6.3% increase compared to the 136.0 sq.m of last year.). The average total floor space of the real estate was 127.3 sq.m (a +5.1% increase compared to the 121.2 sq.m of last year.).

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

11 stations have experienced increased prices; 13 stations have experienced decreased prices. Market value of most stations decreased. Namamugi, Byoubugaura, Sugita, Annjinnduka, Kennritsudaigaku, Keikyuuootsu station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tobe station, where prices have increased +111.5% compared to last year; a sq.m unit now costs 517,207 JPY/sq.m.

The top 2 stations has seen prices increase +88.4% (+197,319 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -51.2% (-558,072 JPY/sq.m).

Cause of price increases

  • A dramatic 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 2014 and 14.5% of total transactions in 2015)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 0.9% of total transactions in 2014 and 2.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.9 years old in 2014 and 18.1 years old in 2015; +21.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.2% of total transactions in 2014 and 15.7% of total transactions in 2015)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 26.2% of total transactions in 2014 and 30.4% of total transactions in 2015)

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 557,558 JPY/sq.m. The market value represents a decrease of 1,013,132 JPY (-64.5%) 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 price of a sq.m Home of Uraga, the lowest market value along this railway was 157,118 JPY/sq.m. The market value represents a decrease of 38,609 JPY (-19.7%) compared to 1 year ago and a transition to a weak market. 14 properties exchanged hands ( The market value represents an increase of 9 (+180.0%) compared to 1 year ago and a transition to a dramatic market.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2015)1 year ago2 years ago
Keikyuukawasaki--204,464 JPY (42.3Y/290.0sq.m)
Hacchounawate--550,000 JPY (0.3Y/230.0sq.m)
Tsurumiichiba360,000 JPY (5.3Y/70.0sq.m)357,763 JPY (12.3Y/96.7sq.m)288,830 JPY (17.9Y/104.0sq.m)
Keikyuutsurumi383,589 JPY (13.9Y/95.0sq.m)344,444 JPY (1.3Y/65.0sq.m)411,289 JPY (7.3Y/83.1sq.m)
Kagetsuennmae405,556 JPY (0.3Y/86.7sq.m)-320,225 JPY (2.3Y/72.0sq.m)
Namamugi524,893 JPY (30.3Y/236.7sq.m)324,724 JPY (10.8Y/78.5sq.m)381,406 JPY (4.8Y/102.2sq.m)
Keikyuushinnkoyasu---
Koyasu--314,238 JPY (25.6Y/125.0sq.m)
Kanagawashinnmachi-151,786 JPY (41.3Y/160.0sq.m)250,000 JPY (38.3Y/65.0sq.m)
Nakakido150,000 JPY (39.3Y/350.0sq.m)-287,500 JPY (9.3Y/75.0sq.m)
Kanagawa-165,853 JPY (34.3Y/150.0sq.m)447,058 JPY (0.3Y/75.0sq.m)
Yokohama557,558 JPY (17.8Y/117.5sq.m)1,570,690 JPY (30.8Y/85.0sq.m)498,154 JPY (18.6Y/158.6sq.m)
Tobe517,207 JPY (36.3Y/123.3sq.m)244,537 JPY (31.9Y/145.0sq.m)452,632 JPY (16.8Y/190.0sq.m)
Hinodechou168,414 JPY (36.3Y/72.5sq.m)271,428 JPY (28.3Y/75.0sq.m)278,571 JPY (13.8Y/82.5sq.m)
Koganechou378,947 JPY (0.3Y/60.0sq.m)518,906 JPY (20.3Y/157.5sq.m)165,397 JPY (33.6Y/86.7sq.m)
Minamioota321,885 JPY (17.3Y/103.3sq.m)373,446 JPY (0.3Y/71.0sq.m)311,904 JPY (13.8Y/125.0sq.m)
Idogaya367,637 JPY (2.5Y/104.0sq.m)323,809 JPY (0.3Y/120.0sq.m)306,998 JPY (16.6Y/130.5sq.m)
Gumyoji326,805 JPY (15.5Y/103.3sq.m)320,340 JPY (15.9Y/151.1sq.m)319,584 JPY (16.7Y/126.9sq.m)
Kamioooka290,330 JPY (12.5Y/92.5sq.m)293,136 JPY (24.1Y/128.8sq.m)386,022 JPY (7.0Y/122.1sq.m)
Byoubugaura414,324 JPY (0.3Y/124.0sq.m)325,384 JPY (10.8Y/227.5sq.m)380,848 JPY (1.0Y/113.5sq.m)
Sugita308,634 JPY (6.5Y/126.0sq.m)186,666 JPY (35.3Y/130.0sq.m)372,317 JPY (13.3Y/158.9sq.m)
Keikyuutomioka-296,043 JPY (15.1Y/183.6sq.m)295,806 JPY (10.6Y/146.1sq.m)
Noukenndai304,348 JPY (14.8Y/172.5sq.m)330,832 JPY (28.6Y/224.2sq.m)388,593 JPY (17.6Y/185.7sq.m)
Kanazawabunnko299,686 JPY (19.8Y/133.8sq.m)388,673 JPY (3.2Y/163.2sq.m)366,246 JPY (19.3Y/164.0sq.m)
Kanazawahakkei245,000 JPY (9.3Y/57.5sq.m)341,852 JPY (0.6Y/96.7sq.m)274,189 JPY (14.7Y/116.4sq.m)
Oppama193,467 JPY (25.9Y/488.3sq.m)275,833 JPY (10.8Y/149.2sq.m)238,932 JPY (31.9Y/192.0sq.m)
Keikyuutaura-180,314 JPY (17.8Y/183.8sq.m)192,036 JPY (17.3Y/192.5sq.m)
Annjinnduka187,740 JPY (20.3Y/125.0sq.m)120,000 JPY (21.3Y/130.0sq.m)-
Hemi-332,000 JPY (5.3Y/147.5sq.m)350,000 JPY (11.3Y/155.0sq.m)
Shioiri213,333 JPY (21.3Y/100.0sq.m)232,000 JPY (22.3Y/107.5sq.m)295,556 JPY (0.3Y/280.0sq.m)
Yokosukachuuou104,762 JPY (42.4Y/80.0sq.m)-220,531 JPY (16.4Y/238.3sq.m)
Kennritsudaigaku244,243 JPY (26.9Y/123.0sq.m)166,666 JPY (13.3Y/70.0sq.m)232,242 JPY (4.0Y/199.0sq.m)
Horinouchi229,629 JPY (28.3Y/200.0sq.m)344,444 JPY (0.3Y/100.0sq.m)174,405 JPY (27.3Y/133.3sq.m)
Keikyuuootsu411,696 JPY (0.3Y/97.5sq.m)314,285 JPY (14.3Y/80.0sq.m)274,992 JPY (17.3Y/163.3sq.m)
Maborikaigann291,075 JPY (34.8Y/195.0sq.m)346,666 JPY (0.3Y/100.0sq.m)259,394 JPY (18.1Y/165.8sq.m)
Uraga157,118 JPY (23.1Y/166.4sq.m)195,727 JPY (11.7Y/111.0sq.m)217,724 JPY (10.4Y/112.7sq.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

Tobe517,207 JPY/sq.m (+112% compared with the previous year)

The average price of a sq.m Home of Tobe was 517,207 JPY/sq.m. The market value represents an increase of 272,670 JPY (+111.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 36.3 years old (a +13.6% increase compared to the 31.9 years old of last year.). The average size of the real estate was 123.3 sq.m (a -14.9% decrease compared to the 145.0 sq.m of last year.). The average total floor space of the real estate was 222.5 sq.m (a -28.2% decrease compared to the 310.0 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 31.9 years old in 2014 and 36.3 years old in 2015; +13.6%)
  • A dramatic increase in average distance from the station (representing 6.3 min in 2014 and 8.0 min in 2015; +26.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2014 and 50.0% of total transactions in 2015)

Sugita308,634 JPY/sq.m (+65% compared with the previous year)

The average price of a sq.m Home of Sugita was 308,634 JPY/sq.m. The market value represents an increase of 121,968 JPY (+65.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 6.5 years old (a -81.6% decrease compared to the 35.3 years old of last year.). The average size of the real estate was 126.0 sq.m (a -3.1% decrease compared to the 130.0 sq.m of last year.). The average total floor space of the real estate was 98.8 sq.m (a +31.7% increase compared to the 75.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.3 years old in 2014 and 6.5 years old in 2015; -81.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 25.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2014 and 13.6 min in 2015; +94.3%)

Yokohama557,558 JPY/sq.m (-65% compared with the previous year)

The average price of a sq.m Home of Yokohama was 557,558 JPY/sq.m. The market value represents a decrease of 1,013,132 JPY (-64.5%) 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 17.8 years old (a -42.3% decrease compared to the 30.8 years old of last year.). The average size of the real estate was 117.5 sq.m (a +38.2% increase compared to the 85.0 sq.m of last year.). The average total floor space of the real estate was 265.0 sq.m (a +135.6% increase compared to the 112.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 30.8 years old in 2014 and 17.8 years old in 2015; -42.3%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2014 and 13.0 min in 2015; +116.7%)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Hinodechou168,414 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Home of Hinodechou was 168,414 JPY/sq.m. The market value represents a decrease of 103,014 JPY (-38.0%) 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 36.3 years old (a +28.3% increase compared to the 28.3 years old of last year.). The average size of the real estate was 72.5 sq.m (a -3.3% decrease compared to the 75.0 sq.m of last year.). The average total floor space of the real estate was 230.0 sq.m (a +228.6% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2014 and 5.0 min in 2015; -66.7%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 100.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 28.3 years old in 2014 and 36.3 years old in 2015; +28.3%)

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)