Keikyu Main Line Kanagawa 2016-2Q
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, 2016 to Jun, 2016 was 351,581 JPY/sq.m. The market value represents an increase of 54,008 JPY (+18.1%) compared to 1 year ago and a transition to a bull market. 181 properties exchanged hands ( The market value represents an increase of 71 (+64.5%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.4 years old (a +1.4% increase compared to the 18.1 years old of last year.). The average size of the real estate was 132.5 sq.m (a -8.4% decrease compared to the 144.6 sq.m of last year.). The average total floor space of the real estate was 122.8 sq.m (a -3.5% decrease compared to the 127.3 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

13 stations have experienced increased prices; 12 stations have experienced decreased prices. Market value of most stations decreased. Hinodechou, Noukenndai, Kanazawabunnko, Kanazawahakkei, Oppama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Minamioota station, where prices have increased +135.4% compared to last year; a sq.m unit now costs 757,844 JPY/sq.m.

The top 2 stations has seen prices increase +122.7% (+275,593 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -53.0% (-158,288 JPY/sq.m).

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 30.4% of total transactions in 2015 and 27.8% of total transactions in 2016)
  • A some increase in transactions involving nearly new buildings under 3 years old (representing 41.2% of total transactions in 2015 and 42.6% of total transactions in 2016)

Causes of price decreases

  • An increase in average distance from the station (representing 12.4 min in 2015 and 14.0 min in 2016; +12.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 15.7% of total transactions in 2015 and 18.9% of total transactions in 2016)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.5% of total transactions in 2015 and 11.0% 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

Top

Home stations market overview

The average price of a sq.m Home of Minamioota, the highest market value along this railway was 757,844 JPY/sq.m. The market value represents an increase of 435,959 JPY (+135.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Maborikaigann, the lowest market value along this railway was 118,181 JPY/sq.m. The market value represents a decrease of 172,894 JPY (-59.4%) 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---
Hacchounawate626,086 JPY (0.3Y/110.0sq.m)--
Tsurumiichiba343,316 JPY (27.3Y/182.5sq.m)360,000 JPY (5.3Y/70.0sq.m)357,763 JPY (12.3Y/96.7sq.m)
Keikyuutsurumi412,298 JPY (11.3Y/93.8sq.m)383,589 JPY (13.9Y/95.0sq.m)344,444 JPY (1.3Y/65.0sq.m)
Kagetsuennmae441,300 JPY (0.3Y/95.0sq.m)405,556 JPY (0.3Y/86.7sq.m)-
Namamugi413,803 JPY (13.1Y/107.5sq.m)524,893 JPY (30.3Y/236.7sq.m)324,724 JPY (10.8Y/78.5sq.m)
Koyasu446,149 JPY (15.6Y/85.0sq.m)--
Kanagawashinnmachi--151,786 JPY (41.3Y/160.0sq.m)
Nakakido-150,000 JPY (39.3Y/350.0sq.m)-
Kanagawa575,000 JPY (0.3Y/57.5sq.m)-165,853 JPY (34.3Y/150.0sq.m)
Yokohama490,728 JPY (15.7Y/137.1sq.m)557,558 JPY (17.8Y/117.5sq.m)1,570,690 JPY (30.8Y/85.0sq.m)
Tobe580,952 JPY (0.3Y/87.5sq.m)517,207 JPY (36.3Y/123.3sq.m)244,537 JPY (31.9Y/145.0sq.m)
Hinodechou240,740 JPY (28.3Y/270.0sq.m)168,414 JPY (36.3Y/72.5sq.m)271,428 JPY (28.3Y/75.0sq.m)
Koganechou330,357 JPY (11.8Y/91.2sq.m)378,947 JPY (0.3Y/60.0sq.m)518,906 JPY (20.3Y/157.5sq.m)
Minamioota757,844 JPY (2.5Y/73.8sq.m)321,885 JPY (17.3Y/103.3sq.m)373,446 JPY (0.3Y/71.0sq.m)
Idogaya337,368 JPY (10.3Y/122.3sq.m)367,637 JPY (2.5Y/104.0sq.m)323,809 JPY (0.3Y/120.0sq.m)
Gumyoji293,945 JPY (18.8Y/109.1sq.m)326,805 JPY (15.5Y/103.3sq.m)320,340 JPY (15.9Y/151.1sq.m)
Kamioooka342,728 JPY (14.6Y/126.8sq.m)290,330 JPY (12.5Y/92.5sq.m)293,136 JPY (24.1Y/128.8sq.m)
Byoubugaura366,242 JPY (9.5Y/121.2sq.m)414,324 JPY (0.3Y/124.0sq.m)325,384 JPY (10.8Y/227.5sq.m)
Sugita164,952 JPY (51.8Y/95.0sq.m)308,634 JPY (6.5Y/126.0sq.m)186,666 JPY (35.3Y/130.0sq.m)
Keikyuutomioka255,647 JPY (25.7Y/133.3sq.m)-296,043 JPY (15.1Y/183.6sq.m)
Noukenndai378,693 JPY (24.2Y/194.4sq.m)304,348 JPY (14.8Y/172.5sq.m)330,832 JPY (28.6Y/224.2sq.m)
Kanazawabunnko580,156 JPY (26.0Y/161.5sq.m)299,686 JPY (19.8Y/133.8sq.m)388,673 JPY (3.2Y/163.2sq.m)
Kanazawahakkei383,802 JPY (38.3Y/173.8sq.m)245,000 JPY (9.3Y/57.5sq.m)341,852 JPY (0.6Y/96.7sq.m)
Oppama236,173 JPY (16.4Y/147.8sq.m)193,467 JPY (25.9Y/488.3sq.m)275,833 JPY (10.8Y/149.2sq.m)
Keikyuutaura154,166 JPY (20.8Y/185.0sq.m)-180,314 JPY (17.8Y/183.8sq.m)
Annjinnduka189,839 JPY (21.8Y/160.0sq.m)187,740 JPY (20.3Y/125.0sq.m)120,000 JPY (21.3Y/130.0sq.m)
Hemi306,666 JPY (4.8Y/175.0sq.m)-332,000 JPY (5.3Y/147.5sq.m)
Shioiri194,180 JPY (27.9Y/118.3sq.m)213,333 JPY (21.3Y/100.0sq.m)232,000 JPY (22.3Y/107.5sq.m)
Yokosukachuuou219,988 JPY (20.5Y/115.0sq.m)104,762 JPY (42.4Y/80.0sq.m)-
Kennritsudaigaku145,894 JPY (34.3Y/335.0sq.m)244,243 JPY (26.9Y/123.0sq.m)166,666 JPY (13.3Y/70.0sq.m)
Horinouchi258,194 JPY (10.1Y/115.0sq.m)229,629 JPY (28.3Y/200.0sq.m)344,444 JPY (0.3Y/100.0sq.m)
Keikyuuootsu-411,696 JPY (0.3Y/97.5sq.m)314,285 JPY (14.3Y/80.0sq.m)
Maborikaigann118,181 JPY (42.3Y/75.0sq.m)291,075 JPY (34.8Y/195.0sq.m)346,666 JPY (0.3Y/100.0sq.m)
Uraga154,552 JPY (25.4Y/118.5sq.m)157,118 JPY (23.1Y/166.4sq.m)195,727 JPY (11.7Y/111.0sq.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.

Top

Noteworthy stations

Minamioota757,844 JPY/sq.m (+135% compared with the previous year)

The average price of a sq.m Home of Minamioota was 757,844 JPY/sq.m. The market value represents an increase of 435,959 JPY (+135.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 2.5 years old (a -85.5% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 73.8 sq.m (a -28.6% decrease compared to the 103.3 sq.m of last year.). The average total floor space of the real estate was 66.2 sq.m (a -40.7% decrease compared to the 111.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 17.3 years old in 2015 and 2.5 years old in 2016; -85.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2015 and 75.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.7 min in 2015 and 7.8 min in 2016; +36.8%)

Yokosukachuuou219,988 JPY/sq.m (+110% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 219,988 JPY/sq.m. The market value represents an increase of 115,227 JPY (+110.0%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.5 years old (a -51.7% decrease compared to the 42.4 years old of last year.). The average size of the real estate was 115.0 sq.m (a +43.8% increase compared to the 80.0 sq.m of last year.). The average total floor space of the real estate was 165.6 sq.m (a -28.0% decrease compared to the 230.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 42.4 years old in 2015 and 20.5 years old in 2016; -51.7%)
  • An decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2015 and 40.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2015 and 11.8 min in 2016; +30.6%)

Maborikaigann118,181 JPY/sq.m (-59% compared with the previous year)

The average price of a sq.m Home of Maborikaigann was 118,181 JPY/sq.m. The market value represents a decrease of 172,894 JPY (-59.4%) 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 42.3 years old (a +21.6% increase compared to the 34.8 years old of last year.). The average size of the real estate was 75.0 sq.m (a -61.5% decrease compared to the 195.0 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a +4.8% increase compared to the 105.0 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 4.0 min in 2016; -60.0%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 34.8 years old in 2015 and 42.3 years old in 2016; +21.6%)
  • 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)

Sugita164,952 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Home of Sugita was 164,952 JPY/sq.m. The market value represents a decrease of 143,682 JPY (-46.6%) 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 51.8 years old (a +696.0% increase compared to the 6.5 years old of last year.). The average size of the real estate was 95.0 sq.m (a -24.6% decrease compared to the 126.0 sq.m of last year.). The average total floor space of the real estate was 102.5 sq.m (a +3.8% increase compared to the 98.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.5 years old in 2015 and 51.8 years old in 2016; +696.0%)

Breakdown of each segment

Station:   Segment:

Top

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)