Keikyu Main Line Kanagawa 2015-3Q
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 Jul, 2015 to Sep, 2015 was 376,370 JPY/sq.m. The market value represents an increase of 62,256 JPY (+19.8%) compared to 1 year ago and a transition to a bull market. 171 properties exchanged hands ( The market value represents an increase of 58 (+51.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.2 years old (a +4.2% increase compared to the 16.5 years old of last year.). The average size of the real estate was 169.7 sq.m (a +15.2% increase compared to the 147.3 sq.m of last year.). The average total floor space of the real estate was 129.1 sq.m (a -12.4% decrease compared to the 147.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle total floor space for a DINKS or an old age households less than 60 sq.m, as well as a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

15 stations have experienced increased prices; 10 stations have experienced decreased prices. The overall trend was the same as last year. Kagetsuennmae, Yokohama, Kamioooka, Keikyuutomioka, Noukenndai, Kanazawahakkei, Keikyuutaura, Annjinnduka, Shioiri, Maborikaigann station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nakakido station, where prices have increased +168.0% compared to last year; a sq.m unit now costs 502,478 JPY/sq.m.

The top 2 stations has seen prices increase +134.0% (+223,644 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -74.9% (-249,113 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving nearly new buildings under 3 years old (representing 42.9% of total transactions in 2014 and 48.1% of total transactions in 2015)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 25.7% of total transactions in 2014 and 22.5% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.3% of total transactions in 2014 and 19.4% of total transactions in 2015)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.0% of total transactions in 2014 and 12.9% 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 590,294 JPY/sq.m. The market value represents an increase of 161,549 JPY (+37.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase 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 Yokosukachuuou, the lowest market value along this railway was 35,833 JPY/sq.m. The market value represents a decrease of 128,569 JPY (-78.2%) 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.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2015)1 year ago2 years ago
Keikyuukawasaki3,332,868 JPY (42.5Y/1062.5sq.m)--
Hacchounawate147,368 JPY (17.5Y/70.0sq.m)517,024 JPY (0.5Y/100.0sq.m)300,833 JPY (6.0Y/62.5sq.m)
Tsurumiichiba406,140 JPY (0.5Y/60.0sq.m)472,202 JPY (0.7Y/82.0sq.m)321,412 JPY (21.4Y/304.4sq.m)
Keikyuutsurumi416,466 JPY (25.8Y/115.0sq.m)448,148 JPY (0.5Y/76.7sq.m)312,364 JPY (8.0Y/102.5sq.m)
Kagetsuennmae506,666 JPY (0.5Y/50.0sq.m)350,000 JPY (44.5Y/85.0sq.m)522,222 JPY (0.5Y/100.0sq.m)
Namamugi350,188 JPY (17.9Y/144.0sq.m)316,984 JPY (9.2Y/138.3sq.m)375,520 JPY (10.3Y/138.8sq.m)
Keikyuushinnkoyasu---
Koyasu368,406 JPY (6.5Y/75.0sq.m)-158,620 JPY (44.5Y/95.0sq.m)
Kanagawashinnmachi455,462 JPY (10.0Y/57.5sq.m)-331,312 JPY (11.0Y/80.0sq.m)
Nakakido502,478 JPY (10.8Y/128.3sq.m)187,500 JPY (40.5Y/65.0sq.m)-
Kanagawa---
Yokohama590,294 JPY (13.5Y/100.8sq.m)428,744 JPY (27.2Y/163.8sq.m)565,349 JPY (12.3Y/110.0sq.m)
Tobe180,000 JPY (37.5Y/55.0sq.m)303,330 JPY (19.5Y/71.2sq.m)432,500 JPY (7.8Y/71.7sq.m)
Hinodechou114,285 JPY (41.5Y/105.0sq.m)246,840 JPY (19.5Y/62.5sq.m)400,526 JPY (2.0Y/60.0sq.m)
Koganechou-112,244 JPY (22.5Y/165.0sq.m)277,464 JPY (25.0Y/180.0sq.m)
Minamioota225,995 JPY (13.5Y/78.3sq.m)-343,045 JPY (14.1Y/118.6sq.m)
Idogaya382,230 JPY (17.8Y/127.5sq.m)386,315 JPY (2.5Y/91.2sq.m)347,957 JPY (16.7Y/134.4sq.m)
Gumyoji355,749 JPY (9.5Y/133.2sq.m)324,116 JPY (15.9Y/132.2sq.m)324,811 JPY (12.6Y/108.5sq.m)
Kamioooka441,511 JPY (18.1Y/146.5sq.m)331,376 JPY (15.9Y/129.7sq.m)373,100 JPY (12.9Y/161.7sq.m)
Byoubugaura315,789 JPY (0.5Y/75.0sq.m)357,282 JPY (6.5Y/102.0sq.m)316,527 JPY (12.4Y/118.6sq.m)
Sugita291,938 JPY (14.3Y/119.0sq.m)387,778 JPY (0.5Y/118.8sq.m)341,054 JPY (11.4Y/122.5sq.m)
Keikyuutomioka344,847 JPY (15.7Y/152.2sq.m)213,844 JPY (40.5Y/166.7sq.m)402,926 JPY (10.0Y/166.8sq.m)
Noukenndai445,636 JPY (16.3Y/209.5sq.m)311,111 JPY (28.0Y/198.0sq.m)416,596 JPY (18.1Y/177.0sq.m)
Kanazawabunnko310,830 JPY (30.3Y/277.8sq.m)342,963 JPY (18.7Y/152.5sq.m)394,731 JPY (8.0Y/122.9sq.m)
Kanazawahakkei379,118 JPY (6.2Y/83.3sq.m)263,017 JPY (9.2Y/173.8sq.m)331,471 JPY (5.9Y/100.9sq.m)
Oppama307,315 JPY (10.9Y/252.3sq.m)267,480 JPY (9.7Y/204.0sq.m)234,059 JPY (21.6Y/163.0sq.m)
Keikyuutaura264,692 JPY (8.5Y/142.5sq.m)132,381 JPY (21.2Y/158.3sq.m)246,645 JPY (0.5Y/100.0sq.m)
Annjinnduka152,726 JPY (25.5Y/147.5sq.m)118,666 JPY (31.0Y/115.0sq.m)80,000 JPY (40.5Y/100.0sq.m)
Hemi--240,530 JPY (12.5Y/180.0sq.m)
Shioiri352,941 JPY (0.5Y/50.0sq.m)191,666 JPY (22.5Y/150.0sq.m)197,857 JPY (22.5Y/200.0sq.m)
Yokosukachuuou35,833 JPY (36.0Y/287.5sq.m)164,402 JPY (34.3Y/121.0sq.m)232,291 JPY (12.0Y/165.0sq.m)
Kennritsudaigaku43,770 JPY (50.5Y/183.3sq.m)-190,000 JPY (8.5Y/95.0sq.m)
Horinouchi184,166 JPY (24.8Y/226.2sq.m)-231,784 JPY (25.5Y/426.7sq.m)
Keikyuuootsu300,013 JPY (21.5Y/117.5sq.m)--
Maborikaigann355,555 JPY (0.5Y/100.0sq.m)258,552 JPY (3.5Y/120.0sq.m)305,233 JPY (19.3Y/182.5sq.m)
Uraga184,845 JPY (21.1Y/137.9sq.m)166,476 JPY (35.5Y/591.2sq.m)214,331 JPY (10.5Y/171.4sq.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

Nakakido502,478 JPY/sq.m (+168% compared with the previous year)

The average price of a sq.m Home of Nakakido was 502,478 JPY/sq.m. The market value represents an increase of 314,978 JPY (+168.0%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.8 years old (a -73.2% decrease compared to the 40.5 years old of last year.). The average size of the real estate was 128.3 sq.m (a +97.4% increase compared to the 65.0 sq.m of last year.). The average total floor space of the real estate was 131.7 sq.m (a +64.6% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 40.5 years old in 2014 and 10.8 years old in 2015; -73.2%)
  • A dramatic decrease in average distance from the station (representing 9.0 min in 2014 and 6.7 min in 2015; -25.9%)

Keikyuutaura264,692 JPY/sq.m (+100% compared with the previous year)

The average price of a sq.m Home of Keikyuutaura was 264,692 JPY/sq.m. The market value represents an increase of 132,311 JPY (+99.9%) 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 8.5 years old (a -59.8% decrease compared to the 21.2 years old of last year.). The average size of the real estate was 142.5 sq.m (a -10.0% decrease compared to the 158.3 sq.m of last year.). The average total floor space of the real estate was 107.5 sq.m (a -24.1% decrease compared to the 141.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.2 years old in 2014 and 8.5 years old in 2015; -59.8%)

Yokosukachuuou35,833 JPY/sq.m (-78% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 35,833 JPY/sq.m. The market value represents a decrease of 128,569 JPY (-78.2%) 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 36.0 years old (a +5.0% increase compared to the 34.3 years old of last year.). The average size of the real estate was 287.5 sq.m (a +137.6% increase compared to the 121.0 sq.m of last year.). The average total floor space of the real estate was 1060.0 sq.m (a +371.1% increase compared to the 225.0 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 60.0% of total transactions in 2014 and 50.0% 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 11.5 min in 2015; +64.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Hacchounawate147,368 JPY/sq.m (-71% compared with the previous year)

The average price of a sq.m Home of Hacchounawate was 147,368 JPY/sq.m. The market value represents a decrease of 369,656 JPY (-71.5%) 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 17.5 years old (a +3374.5% increase compared to the 0.5 years old of last year.). The average size of the real estate was 70.0 sq.m (a -30.0% decrease compared to the 100.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -22.4% decrease compared to the 122.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.5 min in 2014 and 8.0 min in 2015; -15.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.5 years old in 2014 and 17.5 years old in 2015; +3374.5%)

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)