Keikyu Main Line Kanagawa 2016-1Q
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 Jan, 2016 to Mar, 2016 was 330,775 JPY/sq.m. The market value represents an increase of 609 JPY (+0.2%) compared to 1 year ago and a transition to a slight market. 139 properties exchanged hands ( The market value represents an increase of 8 (+6.1%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 17.9 years old (a +54.3% increase compared to the 11.6 years old of last year.). The average size of the real estate was 155.2 sq.m (a -3.8% decrease compared to the 161.4 sq.m of last year.). The average total floor space of the real estate was 129.7 sq.m (a -12.9% decrease compared to the 149.0 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 a dramatic increase in transactions involving relatively old buildings under 40 years old.

10 stations have experienced increased prices; 13 stations have experienced decreased prices. Market value of most stations decreased. Hacchounawate, Namamugi, Koganechou, Byoubugaura, Kennritsudaigaku station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keikyuutaura station, where prices have increased +222.3% compared to last year; a sq.m unit now costs 292,956 JPY/sq.m.

The top 2 stations has seen prices increase +138.5% (+163,769 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -82.4% (-159,064 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 0.8% of total transactions in 2015 and 2.2% of total transactions in 2016)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.6% of total transactions in 2015 and 3.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.6 years old in 2015 and 17.9 years old in 2016; +54.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 8.2% of total transactions in 2015 and 15.6% of total transactions in 2016)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 21.3% of total transactions in 2015 and 30.5% of total transactions in 2016)

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 Hacchounawate, the highest market value along this railway was 650,405 JPY/sq.m. The market value represents an increase of 220,405 JPY (+51.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Shioiri, the lowest market value along this railway was 15,789 JPY/sq.m. The market value represents a decrease of 51,988 JPY (-76.7%) 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.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2016)1 year ago2 years ago
Keikyuukawasaki--463,157 JPY (1.0Y/110.0sq.m)
Hacchounawate650,405 JPY (6.5Y/322.5sq.m)430,000 JPY (0.0Y/65.0sq.m)344,827 JPY (43.0Y/480.0sq.m)
Tsurumiichiba406,194 JPY (9.5Y/108.8sq.m)370,000 JPY (1.0Y/60.0sq.m)452,631 JPY (1.0Y/95.0sq.m)
Keikyuutsurumi255,494 JPY (31.4Y/190.0sq.m)520,906 JPY (0.5Y/80.0sq.m)276,516 JPY (11.6Y/100.6sq.m)
Kagetsuennmae514,582 JPY (16.7Y/523.3sq.m)485,181 JPY (0.2Y/115.0sq.m)-
Namamugi433,017 JPY (0.2Y/120.0sq.m)329,545 JPY (15.0Y/177.5sq.m)420,196 JPY (1.3Y/88.3sq.m)
Koyasu391,304 JPY (13.0Y/75.0sq.m)-305,882 JPY (11.0Y/55.0sq.m)
Kanagawashinnmachi457,894 JPY (0.0Y/57.5sq.m)-362,744 JPY (24.5Y/50.0sq.m)
Nakakido-473,684 JPY (0.0Y/50.0sq.m)-
Kanagawa514,285 JPY (39.0Y/420.0sq.m)-1,000,000 JPY (0.0Y/880.0sq.m)
Yokohama290,322 JPY (39.0Y/350.0sq.m)368,402 JPY (13.7Y/247.9sq.m)1,371,302 JPY (17.3Y/168.3sq.m)
Tobe740,000 JPY (1.0Y/100.0sq.m)-425,789 JPY (27.0Y/75.0sq.m)
Hinodechou81,481 JPY (52.0Y/130.0sq.m)--
Koganechou381,578 JPY (13.3Y/115.0sq.m)265,610 JPY (15.0Y/170.0sq.m)380,392 JPY (5.5Y/57.5sq.m)
Minamioota-341,799 JPY (17.0Y/116.7sq.m)348,750 JPY (0.0Y/77.5sq.m)
Idogaya290,476 JPY (22.0Y/150.0sq.m)361,477 JPY (6.3Y/120.8sq.m)320,578 JPY (18.2Y/267.0sq.m)
Gumyoji372,478 JPY (7.3Y/118.3sq.m)328,406 JPY (12.8Y/133.3sq.m)267,017 JPY (21.6Y/112.8sq.m)
Kamioooka341,945 JPY (20.0Y/133.1sq.m)367,309 JPY (8.1Y/132.4sq.m)325,153 JPY (11.2Y/104.1sq.m)
Byoubugaura354,754 JPY (11.7Y/129.1sq.m)229,263 JPY (20.6Y/118.0sq.m)410,560 JPY (3.8Y/128.8sq.m)
Sugita160,000 JPY (23.0Y/75.0sq.m)317,460 JPY (7.5Y/181.2sq.m)379,736 JPY (0.5Y/107.5sq.m)
Keikyuutomioka373,687 JPY (7.5Y/148.8sq.m)347,474 JPY (8.0Y/149.0sq.m)422,186 JPY (4.6Y/115.7sq.m)
Noukenndai313,002 JPY (24.0Y/238.3sq.m)322,481 JPY (13.8Y/169.0sq.m)348,587 JPY (12.7Y/238.9sq.m)
Kanazawabunnko285,118 JPY (23.1Y/186.4sq.m)424,175 JPY (7.5Y/373.8sq.m)303,147 JPY (23.6Y/207.1sq.m)
Kanazawahakkei448,059 JPY (17.0Y/95.0sq.m)478,888 JPY (0.0Y/146.2sq.m)364,995 JPY (0.7Y/115.0sq.m)
Oppama282,857 JPY (15.0Y/95.0sq.m)393,274 JPY (0.3Y/146.7sq.m)203,955 JPY (24.9Y/183.9sq.m)
Keikyuutaura292,956 JPY (25.0Y/215.0sq.m)90,909 JPY (0.0Y/185.0sq.m)319,167 JPY (8.3Y/153.3sq.m)
Annjinnduka130,000 JPY (42.0Y/70.0sq.m)--
Hemi36,190 JPY (0.0Y/200.0sq.m)302,330 JPY (12.5Y/150.0sq.m)214,166 JPY (20.0Y/100.0sq.m)
Shioiri15,789 JPY (47.0Y/155.0sq.m)67,778 JPY (40.0Y/100.0sq.m)235,037 JPY (25.5Y/220.0sq.m)
Yokosukachuuou227,003 JPY (29.0Y/111.0sq.m)322,222 JPY (0.0Y/80.0sq.m)608,426 JPY (22.0Y/143.3sq.m)
Kennritsudaigaku160,227 JPY (17.5Y/190.0sq.m)131,643 JPY (20.0Y/181.0sq.m)297,515 JPY (9.0Y/121.0sq.m)
Horinouchi295,411 JPY (28.0Y/185.0sq.m)--
Keikyuuootsu---
Maborikaigann380,952 JPY (41.0Y/210.0sq.m)--
Uraga106,035 JPY (30.7Y/147.5sq.m)145,105 JPY (30.4Y/202.5sq.m)178,739 JPY (14.0Y/257.5sq.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

Keikyuutaura292,956 JPY/sq.m (+222% compared with the previous year)

The average price of a sq.m Home of Keikyuutaura was 292,956 JPY/sq.m. The market value represents an increase of 202,047 JPY (+222.3%) 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 size of the real estate was 215.0 sq.m (a +16.2% increase compared to the 185.0 sq.m of last year.). The average total floor space of the real estate was 217.5 sq.m (a +295.5% increase compared to the 55.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.0 min in 2015 and 5.0 min in 2016; -50.0%)

Byoubugaura354,754 JPY/sq.m (+55% compared with the previous year)

The average price of a sq.m Home of Byoubugaura was 354,754 JPY/sq.m. The market value represents an increase of 125,491 JPY (+54.7%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 6 (+120.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.7 years old (a -43.2% decrease compared to the 20.6 years old of last year.). The average size of the real estate was 129.1 sq.m (a +9.4% increase compared to the 118.0 sq.m of last year.). The average total floor space of the real estate was 90.5 sq.m (a -24.6% decrease compared to the 120.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.6 years old in 2015 and 11.7 years old in 2016; -43.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 40.0% of total transactions in 2015 and 70.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.2 min in 2015 and 12.8 min in 2016; +25.7%)

Hemi36,190 JPY/sq.m (-88% compared with the previous year)

The average price of a sq.m Home of Hemi was 36,190 JPY/sq.m. The market value represents a decrease of 266,140 JPY (-88.0%) 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 size of the real estate was 200.0 sq.m (a +33.3% increase compared to the 150.0 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a +10.5% 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 15.0 min in 2015 and 1.0 min in 2016; -93.3%)

Shioiri15,789 JPY/sq.m (-77% compared with the previous year)

The average price of a sq.m Home of Shioiri was 15,789 JPY/sq.m. The market value represents a decrease of 51,988 JPY (-76.7%) 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 47.0 years old (a +17.5% increase compared to the 40.0 years old of last year.). The average size of the real estate was 155.0 sq.m (a +55.0% 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 +81.0% increase compared to the 52.5 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 40.0 years old in 2015 and 47.0 years old in 2016; +17.5%)
  • A dramatic increase in average distance from the station (representing 10.0 min in 2015 and 15.0 min in 2016; +50.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

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)