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, 2015 to Dec, 2015 was 335,787 JPY/sq.m. The market value represents an increase of 1,698 JPY (+0.5%) compared to 1 year ago and a transition to a slight market. 556 properties exchanged hands ( The market value represents an increase of 89 (+19.1%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 15.8 years old (a +7.3% increase compared to the 14.8 years old of last year.). The average size of the real estate was 155.7 sq.m (a +9.1% increase compared to the 142.8 sq.m of last year.). The average total floor space of the real estate was 133.0 sq.m (a -2.3% decrease compared to the 136.2 sq.m of last year.).

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

20 stations have experienced increased prices; 14 stations have experienced decreased prices. The overall trend was the same as last year. Keikyuutsurumi, Kagetsuennmae, Koyasu, Kanagawashinnmachi, Nakakido, Annjinnduka, Hemi, Keikyuuootsu 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 +619.6% compared to last year; a sq.m unit now costs 3,332,868 JPY/sq.m.

The top 2 stations has seen prices increase +348.3% (+1,533,954 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -62.0% (-421,571 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 13.3% of total transactions in 2015)
  • A slight increase in transactions involving nearly new buildings under 3 years old (representing 46.5% of total transactions in 2014 and 47.8% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.4% of total transactions in 2014 and 14.8% of total transactions in 2015)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.4% of total transactions in 2014 and 1.3% 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 Keikyuukawasaki, the highest market value along this railway was 3,332,868 JPY/sq.m. The market value represents an increase of 2,869,710 JPY (+619.6%) 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 price of a sq.m Home of Yokosukachuuou, the lowest market value along this railway was 112,455 JPY/sq.m. The market value represents a decrease of 251,031 JPY (-69.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) 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)463,157 JPY (1.0Y/110.0sq.m)204,464 JPY (42.3Y/290.0sq.m)
Hacchounawate288,684 JPY (8.8Y/67.5sq.m)412,887 JPY (17.8Y/196.0sq.m)356,608 JPY (11.3Y/74.6sq.m)
Tsurumiichiba401,838 JPY (11.8Y/116.7sq.m)367,072 JPY (10.2Y/87.2sq.m)326,338 JPY (17.0Y/182.5sq.m)
Keikyuutsurumi401,588 JPY (14.6Y/89.6sq.m)329,637 JPY (9.4Y/87.3sq.m)351,118 JPY (10.4Y/91.5sq.m)
Kagetsuennmae451,916 JPY (4.1Y/90.4sq.m)350,000 JPY (44.5Y/69.0sq.m)369,001 JPY (1.3Y/80.0sq.m)
Namamugi380,127 JPY (17.8Y/135.0sq.m)336,164 JPY (8.4Y/95.2sq.m)358,528 JPY (11.0Y/134.6sq.m)
Keikyuushinnkoyasu---
Koyasu499,718 JPY (2.8Y/113.3sq.m)305,882 JPY (11.0Y/55.0sq.m)345,727 JPY (19.0Y/107.8sq.m)
Kanagawashinnmachi455,462 JPY (10.0Y/57.5sq.m)257,265 JPY (32.9Y/105.0sq.m)324,710 JPY (22.3Y/291.0sq.m)
Nakakido426,223 JPY (14.4Y/157.0sq.m)276,358 JPY (20.6Y/65.0sq.m)225,000 JPY (21.9Y/130.0sq.m)
Kanagawa-582,926 JPY (34.3Y/515.0sq.m)370,196 JPY (24.5Y/587.5sq.m)
Yokohama484,486 JPY (13.4Y/167.2sq.m)1,076,597 JPY (21.8Y/150.0sq.m)498,075 JPY (12.7Y/134.4sq.m)
Tobe351,226 JPY (35.0Y/86.1sq.m)346,592 JPY (22.6Y/83.5sq.m)378,075 JPY (17.6Y/114.7sq.m)
Hinodechou209,654 JPY (33.0Y/80.0sq.m)316,593 JPY (15.4Y/113.3sq.m)372,724 JPY (9.5Y/73.6sq.m)
Koganechou308,796 JPY (23.3Y/105.8sq.m)403,107 JPY (19.3Y/122.8sq.m)252,576 JPY (28.0Y/104.4sq.m)
Minamioota296,560 JPY (15.9Y/99.4sq.m)363,588 JPY (2.1Y/69.4sq.m)317,917 JPY (16.2Y/118.2sq.m)
Idogaya378,756 JPY (9.3Y/115.2sq.m)368,727 JPY (13.9Y/170.8sq.m)344,707 JPY (13.2Y/131.4sq.m)
Gumyoji329,034 JPY (12.5Y/123.0sq.m)300,262 JPY (16.5Y/125.2sq.m)322,425 JPY (15.4Y/117.0sq.m)
Kamioooka386,048 JPY (12.4Y/141.2sq.m)340,983 JPY (13.6Y/122.1sq.m)350,468 JPY (13.8Y/132.3sq.m)
Byoubugaura315,225 JPY (19.9Y/141.5sq.m)332,496 JPY (10.1Y/129.7sq.m)364,619 JPY (8.2Y/121.0sq.m)
Sugita314,794 JPY (13.0Y/141.6sq.m)352,326 JPY (6.2Y/126.8sq.m)370,770 JPY (10.2Y/131.8sq.m)
Keikyuutomioka345,057 JPY (10.6Y/145.9sq.m)353,986 JPY (14.7Y/165.2sq.m)382,530 JPY (9.0Y/157.8sq.m)
Noukenndai395,115 JPY (14.4Y/200.7sq.m)350,080 JPY (19.0Y/220.4sq.m)368,613 JPY (13.9Y/190.6sq.m)
Kanazawabunnko338,321 JPY (21.1Y/255.9sq.m)345,263 JPY (13.1Y/193.6sq.m)375,303 JPY (14.2Y/141.2sq.m)
Kanazawahakkei369,304 JPY (5.3Y/105.6sq.m)355,827 JPY (7.2Y/196.1sq.m)327,477 JPY (8.1Y/110.2sq.m)
Oppama280,036 JPY (15.7Y/269.8sq.m)238,032 JPY (16.7Y/177.7sq.m)266,405 JPY (17.8Y/206.7sq.m)
Keikyuutaura197,179 JPY (14.3Y/150.8sq.m)225,082 JPY (16.0Y/160.9sq.m)242,383 JPY (11.4Y/147.7sq.m)
Annjinnduka170,234 JPY (22.9Y/136.2sq.m)120,242 JPY (27.8Y/106.2sq.m)121,666 JPY (36.7Y/100.0sq.m)
Hemi351,165 JPY (6.6Y/185.0sq.m)273,083 JPY (12.6Y/129.2sq.m)249,737 JPY (10.0Y/172.9sq.m)
Shioiri175,457 JPY (25.5Y/87.5sq.m)240,761 JPY (19.3Y/161.4sq.m)207,891 JPY (17.5Y/230.0sq.m)
Yokosukachuuou112,455 JPY (32.8Y/232.1sq.m)363,486 JPY (26.4Y/139.5sq.m)209,418 JPY (19.0Y/173.9sq.m)
Kennritsudaigaku165,499 JPY (23.2Y/148.5sq.m)238,030 JPY (9.7Y/122.8sq.m)196,211 JPY (6.1Y/173.7sq.m)
Horinouchi193,259 JPY (25.5Y/221.0sq.m)336,928 JPY (0.5Y/105.0sq.m)203,671 JPY (22.8Y/231.4sq.m)
Keikyuuootsu314,438 JPY (19.5Y/118.8sq.m)220,778 JPY (26.0Y/97.5sq.m)310,785 JPY (10.5Y/149.0sq.m)
Maborikaigann271,998 JPY (22.7Y/146.7sq.m)264,504 JPY (11.6Y/139.2sq.m)298,286 JPY (21.1Y/179.3sq.m)
Uraga167,928 JPY (22.5Y/163.1sq.m)166,274 JPY (22.3Y/246.8sq.m)230,865 JPY (12.9Y/151.6sq.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

Keikyuukawasaki3,332,868 JPY/sq.m (+620% compared with the previous year)

The average price of a sq.m Home of Keikyuukawasaki was 3,332,868 JPY/sq.m. The market value represents an increase of 2,869,710 JPY (+619.6%) 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 42.5 years old (a +4153.2% increase compared to the 1.0 years old of last year.). The average size of the real estate was 1062.5 sq.m (a +865.9% increase compared to the 110.0 sq.m of last year.). The average total floor space of the real estate was 290.0 sq.m (a +205.3% increase compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2014 and 6.5 min in 2015; -27.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 1.0 years old in 2014 and 42.5 years old in 2015; +4153.2%)

Kanagawashinnmachi455,462 JPY/sq.m (+77% compared with the previous year)

The average price of a sq.m Home of Kanagawashinnmachi was 455,462 JPY/sq.m. The market value represents an increase of 198,196 JPY (+77.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.0 years old (a -69.6% decrease compared to the 32.9 years old of last year.). The average size of the real estate was 57.5 sq.m (a -45.2% decrease compared to the 105.0 sq.m of last year.). The average total floor space of the real estate was 77.5 sq.m (a -31.9% decrease compared to the 113.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.9 years old in 2014 and 10.0 years old in 2015; -69.6%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 25.0% 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 4.8 min in 2014 and 6.0 min in 2015; +26.3%)
  • 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)

Yokosukachuuou112,455 JPY/sq.m (-69% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 112,455 JPY/sq.m. The market value represents a decrease of 251,031 JPY (-69.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.8 years old (a +24.2% increase compared to the 26.4 years old of last year.). The average size of the real estate was 232.1 sq.m (a +66.4% increase compared to the 139.5 sq.m of last year.). The average total floor space of the real estate was 405.0 sq.m (a +120.4% increase compared to the 183.8 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 11.1% of total transactions in 2014 and 16.7% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 26.4 years old in 2014 and 32.8 years old in 2015; +24.2%)
  • A dramatic increase in average distance from the station (representing 8.6 min in 2014 and 12.9 min in 2015; +49.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 22.2% of total transactions in 2014 and 33.3% of total transactions in 2015)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 44.4% of total transactions in 2014 and 50.0% of total transactions in 2015)

Yokohama484,486 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Home of Yokohama was 484,486 JPY/sq.m. The market value represents a decrease of 592,111 JPY (-55.0%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents an increase of 6 (+60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.4 years old (a -38.6% decrease compared to the 21.8 years old of last year.). The average size of the real estate was 167.2 sq.m (a +11.5% increase compared to the 150.0 sq.m of last year.). The average total floor space of the real estate was 296.0 sq.m (a -24.4% decrease compared to the 391.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.8 years old in 2014 and 13.4 years old in 2015; -38.6%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2014 and 40.0% of total transactions in 2015)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2014 and 26.7% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.8 min in 2014 and 13.6 min in 2015; +26.2%)
  • A dramatic decrease 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 2014 and 12.5% of total transactions in 2015)

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)