Keikyu Main Line Kanagawa 2015-4Q
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 Oct, 2015 to Dec, 2015 was 321,576 JPY/sq.m. The market value represents a decrease of 2,978 JPY (-0.9%) compared to 1 year ago and a transition to a slight market. 144 properties exchanged hands ( The market value represents an increase of 15 (+11.6%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 16.5 years old (a +19.5% increase compared to the 13.8 years old of last year.). The average size of the real estate was 142.4 sq.m (a +6.0% increase compared to the 134.4 sq.m of last year.). The average total floor space of the real estate was 127.4 sq.m (a +5.6% increase compared to the 120.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as an increase in transactions involving relatively large size more than 100 sq.m.

12 stations have experienced increased prices; 10 stations have experienced decreased prices. Market value of most stations decreased. Tsurumiichiba, Byoubugaura, Kennritsudaigaku, Keikyuuootsu, Uraga station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keikyuuootsu station, where prices have increased +93.3% compared to last year; a sq.m unit now costs 246,031 JPY/sq.m.

The top 2 stations has seen prices increase +88.3% (+154,315 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -72.6% (-301,501 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 10.9% of total transactions in 2014 and 14.6% of total transactions in 2015)

Causes of price decreases

  • An increase in average age of the building (representing 13.8 years old in 2014 and 16.5 years old in 2015; +19.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.5% of total transactions in 2014 and 14.6% of total transactions in 2015)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 23.3% of total transactions in 2014 and 27.0% 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 Tsurumiichiba, the highest market value along this railway was 418,107 JPY/sq.m. The market value represents an increase of 189,872 JPY (+83.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) 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 53,576 JPY/sq.m. The market value represents a decrease of 371,424 JPY (-87.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2015)1 year ago2 years ago
Keikyuukawasaki---
Hacchounawate-342,780 JPY (13.8Y/150.0sq.m)302,400 JPY (23.1Y/57.5sq.m)
Tsurumiichiba418,107 JPY (25.1Y/160.0sq.m)228,236 JPY (21.3Y/77.5sq.m)321,960 JPY (15.6Y/108.0sq.m)
Keikyuutsurumi336,831 JPY (8.3Y/58.8sq.m)340,413 JPY (11.2Y/83.0sq.m)250,775 JPY (18.6Y/105.0sq.m)
Kagetsuennmae419,829 JPY (10.2Y/76.0sq.m)-410,000 JPY (0.8Y/100.0sq.m)
Namamugi357,197 JPY (13.8Y/80.6sq.m)317,846 JPY (8.0Y/107.0sq.m)303,835 JPY (19.1Y/210.0sq.m)
Keikyuushinnkoyasu---
Koyasu565,374 JPY (1.0Y/132.5sq.m)-379,698 JPY (4.1Y/63.3sq.m)
Kanagawashinnmachi--349,220 JPY (22.8Y/150.0sq.m)
Nakakido-365,217 JPY (0.8Y/65.0sq.m)-
Kanagawa--293,333 JPY (48.8Y/1100.0sq.m)
Yokohama400,000 JPY (1.8Y/100.0sq.m)500,000 JPY (0.8Y/170.0sq.m)473,684 JPY (0.8Y/55.0sq.m)
Tobe311,042 JPY (33.8Y/61.2sq.m)426,798 JPY (15.8Y/53.8sq.m)460,025 JPY (0.5Y/92.5sq.m)
Hinodechou387,500 JPY (17.8Y/70.0sq.m)378,151 JPY (8.4Y/160.0sq.m)484,210 JPY (33.8Y/85.0sq.m)
Koganechou314,202 JPY (36.4Y/78.3sq.m)339,655 JPY (39.8Y/97.5sq.m)-
Minamioota-353,781 JPY (8.8Y/57.5sq.m)334,285 JPY (18.1Y/141.7sq.m)
Idogaya406,440 JPY (9.6Y/105.0sq.m)452,308 JPY (32.8Y/133.3sq.m)391,386 JPY (7.9Y/157.1sq.m)
Gumyoji301,318 JPY (13.0Y/120.2sq.m)278,616 JPY (15.2Y/105.3sq.m)325,849 JPY (19.0Y/128.1sq.m)
Kamioooka384,542 JPY (12.1Y/161.1sq.m)375,553 JPY (9.0Y/123.8sq.m)295,925 JPY (21.6Y/125.0sq.m)
Byoubugaura320,699 JPY (29.2Y/186.7sq.m)227,006 JPY (20.5Y/116.2sq.m)399,450 JPY (3.7Y/116.0sq.m)
Sugita327,970 JPY (18.4Y/145.6sq.m)344,583 JPY (7.5Y/143.8sq.m)436,291 JPY (1.9Y/108.6sq.m)
Keikyuutomioka340,463 JPY (12.2Y/137.1sq.m)423,710 JPY (12.8Y/208.0sq.m)419,186 JPY (7.0Y/154.0sq.m)
Noukenndai404,988 JPY (10.8Y/230.0sq.m)399,248 JPY (11.6Y/205.0sq.m)295,100 JPY (10.8Y/249.0sq.m)
Kanazawabunnko353,937 JPY (17.5Y/216.2sq.m)303,038 JPY (11.4Y/291.0sq.m)349,017 JPY (20.4Y/104.0sq.m)
Kanazawahakkei-429,040 JPY (15.5Y/353.8sq.m)332,239 JPY (10.8Y/138.3sq.m)
Oppama250,472 JPY (22.5Y/167.9sq.m)242,156 JPY (8.8Y/170.0sq.m)286,133 JPY (12.4Y/251.7sq.m)
Keikyuutaura168,421 JPY (25.8Y/125.0sq.m)400,000 JPY (0.0Y/100.0sq.m)285,264 JPY (4.4Y/131.7sq.m)
Annjinnduka-123,636 JPY (27.8Y/65.0sq.m)163,333 JPY (32.8Y/100.0sq.m)
Hemi400,000 JPY (0.8Y/208.3sq.m)-89,661 JPY (14.8Y/172.5sq.m)
Shioiri-315,789 JPY (0.8Y/105.0sq.m)-
Yokosukachuuou53,576 JPY (39.8Y/405.0sq.m)425,000 JPY (-0.2Y/180.0sq.m)129,974 JPY (35.2Y/81.7sq.m)
Kennritsudaigaku192,222 JPY (15.0Y/113.8sq.m)125,000 JPY (0.0Y/143.3sq.m)117,216 JPY (18.8Y/168.8sq.m)
Horinouchi-329,411 JPY (0.8Y/110.0sq.m)195,905 JPY (16.8Y/187.5sq.m)
Keikyuuootsu246,031 JPY (34.8Y/142.5sq.m)127,272 JPY (37.8Y/115.0sq.m)350,000 JPY (0.8Y/105.0sq.m)
Maborikaigann169,364 JPY (32.9Y/145.0sq.m)229,374 JPY (25.3Y/165.0sq.m)363,636 JPY (8.8Y/190.0sq.m)
Uraga178,836 JPY (17.9Y/158.5sq.m)131,753 JPY (27.4Y/126.7sq.m)235,001 JPY (19.1Y/176.1sq.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

Keikyuuootsu246,031 JPY/sq.m (+93% compared with the previous year)

The average price of a sq.m Home of Keikyuuootsu was 246,031 JPY/sq.m. The market value represents an increase of 118,759 JPY (+93.3%) 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 34.8 years old (a -7.9% decrease compared to the 37.8 years old of last year.). The average size of the real estate was 142.5 sq.m (a +23.9% increase compared to the 115.0 sq.m of last year.). The average total floor space of the real estate was 97.5 sq.m (a -11.4% decrease compared to the 110.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% 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 4.0 min in 2014 and 6.5 min in 2015; +62.5%)
  • 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 2014 and 50.0% of total transactions in 2015)

Tsurumiichiba418,107 JPY/sq.m (+83% compared with the previous year)

The average price of a sq.m Home of Tsurumiichiba was 418,107 JPY/sq.m. The market value represents an increase of 189,872 JPY (+83.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.1 years old (a +18.0% increase compared to the 21.3 years old of last year.). The average size of the real estate was 160.0 sq.m (a +106.5% increase compared to the 77.5 sq.m of last year.). The average total floor space of the real estate was 143.8 sq.m (a +27.8% increase compared to the 112.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 75.0% of total transactions in 2014 and 33.3% of total transactions in 2015)

Causes of price decreases

  • An increase in average age of the building (representing 21.3 years old in 2014 and 25.1 years old in 2015; +18.0%)
  • A dramatic increase in average distance from the station (representing 9.5 min in 2014 and 11.4 min in 2015; +20.0%)

Yokosukachuuou53,576 JPY/sq.m (-87% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 53,576 JPY/sq.m. The market value represents a decrease of 371,424 JPY (-87.4%) 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 39.8 years old (a -16232.2% decrease compared to the -0.2 years old of last year.). The average size of the real estate was 405.0 sq.m (a +125.0% increase compared to the 180.0 sq.m of last year.). The average total floor space of the real estate was 82.5 sq.m (a +3.1% 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 -0.2 years old in 2014 and 39.8 years old in 2015; -16232.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.5 min in 2014 and 15.0 min in 2015; +20.0%)

Keikyuutaura168,421 JPY/sq.m (-58% compared with the previous year)

The average price of a sq.m Home of Keikyuutaura was 168,421 JPY/sq.m. The market value represents a decrease of 231,579 JPY (-57.9%) 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 size of the real estate was 125.0 sq.m (a +25.0% increase 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 +35.7% increase compared to the 70.0 sq.m of last year.).


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)