Keikyu Main Line Kanagawa 2016-3Q
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, 2016 to Sep, 2016 was 320,504 JPY/sq.m. The market value represents a decrease of 55,866 JPY (-14.8%) compared to 1 year ago and a transition to a weak market. 125 properties exchanged hands ( The market value represents a decrease of 46 (-26.9%) 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 +0.4% increase compared to the 17.2 years old of last year.). The average size of the real estate was 159.4 sq.m (a -6.0% decrease compared to the 169.7 sq.m of last year.). The average total floor space of the real estate was 175.6 sq.m (a +36.0% increase compared to the 129.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

13 stations have experienced increased prices; 15 stations have experienced decreased prices. Market value of most stations decreased. Minamioota, Sugita, Kanazawabunnko station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yokosukachuuou station, where prices have increased +876.0% compared to last year; a sq.m unit now costs 349,722 JPY/sq.m.

The top 2 stations has seen prices increase +651.1% (+250,235 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -40.6% (-110,462 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 0.6% of total transactions in 2015 and 6.4% of total transactions in 2016)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 0.6% of total transactions in 2015 and 2.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.9% of total transactions in 2015 and 8.0% of total transactions in 2016)
  • A some decrease in transactions involving nearly new buildings under 3 years old (representing 48.1% of total transactions in 2015 and 46.2% 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 Kagetsuennmae, the highest market value along this railway was 493,333 JPY/sq.m. The market value represents a decrease of 13,333 JPY (-2.6%) compared to 1 year ago and a transition to a slight market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Annjinnduka, the lowest market value along this railway was 101,666 JPY/sq.m. The market value represents a decrease of 51,060 JPY (-33.4%) 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(2016)1 year ago2 years ago
Keikyuukawasaki-3,332,868 JPY (42.5Y/1062.5sq.m)-
Hacchounawate421,052 JPY (2.5Y/55.0sq.m)147,368 JPY (17.5Y/70.0sq.m)517,024 JPY (0.5Y/100.0sq.m)
Tsurumiichiba404,295 JPY (30.5Y/85.0sq.m)406,140 JPY (0.5Y/60.0sq.m)472,202 JPY (0.7Y/82.0sq.m)
Keikyuutsurumi289,770 JPY (18.3Y/107.5sq.m)416,466 JPY (25.8Y/115.0sq.m)448,148 JPY (0.5Y/76.7sq.m)
Kagetsuennmae493,333 JPY (0.5Y/45.0sq.m)506,666 JPY (0.5Y/50.0sq.m)350,000 JPY (44.5Y/85.0sq.m)
Namamugi411,670 JPY (2.0Y/84.3sq.m)350,188 JPY (17.9Y/144.0sq.m)316,984 JPY (9.2Y/138.3sq.m)
Koyasu-368,406 JPY (6.5Y/75.0sq.m)-
Kanagawashinnmachi-455,462 JPY (10.0Y/57.5sq.m)-
Nakakido-502,478 JPY (10.8Y/128.3sq.m)187,500 JPY (40.5Y/65.0sq.m)
Kanagawa---
Yokohama412,916 JPY (30.3Y/213.0sq.m)590,294 JPY (13.5Y/100.8sq.m)428,744 JPY (27.2Y/163.8sq.m)
Tobe193,750 JPY (63.5Y/110.0sq.m)180,000 JPY (37.5Y/55.0sq.m)303,330 JPY (19.5Y/71.2sq.m)
Hinodechou346,895 JPY (8.8Y/168.3sq.m)114,285 JPY (41.5Y/105.0sq.m)246,840 JPY (19.5Y/62.5sq.m)
Koganechou177,052 JPY (34.0Y/123.8sq.m)-112,244 JPY (22.5Y/165.0sq.m)
Minamioota344,000 JPY (0.5Y/95.0sq.m)225,995 JPY (13.5Y/78.3sq.m)-
Idogaya339,868 JPY (11.8Y/146.2sq.m)382,230 JPY (17.8Y/127.5sq.m)386,315 JPY (2.5Y/91.2sq.m)
Gumyoji296,187 JPY (17.6Y/119.3sq.m)355,749 JPY (9.5Y/133.2sq.m)324,116 JPY (15.9Y/132.2sq.m)
Kamioooka329,870 JPY (16.8Y/181.5sq.m)441,511 JPY (18.1Y/146.5sq.m)331,376 JPY (15.9Y/129.7sq.m)
Byoubugaura328,245 JPY (12.5Y/106.7sq.m)315,789 JPY (0.5Y/75.0sq.m)357,282 JPY (6.5Y/102.0sq.m)
Sugita409,485 JPY (4.4Y/104.3sq.m)291,938 JPY (14.3Y/119.0sq.m)387,778 JPY (0.5Y/118.8sq.m)
Keikyuutomioka305,177 JPY (12.3Y/194.0sq.m)344,847 JPY (15.7Y/152.2sq.m)213,844 JPY (40.5Y/166.7sq.m)
Noukenndai458,440 JPY (17.7Y/275.0sq.m)445,636 JPY (16.3Y/209.5sq.m)311,111 JPY (28.0Y/198.0sq.m)
Kanazawabunnko376,634 JPY (17.4Y/191.4sq.m)310,830 JPY (30.3Y/277.8sq.m)342,963 JPY (18.7Y/152.5sq.m)
Kanazawahakkei442,309 JPY (1.8Y/101.7sq.m)379,118 JPY (6.2Y/83.3sq.m)263,017 JPY (9.2Y/173.8sq.m)
Oppama274,088 JPY (17.9Y/240.8sq.m)307,315 JPY (10.9Y/252.3sq.m)267,480 JPY (9.7Y/204.0sq.m)
Keikyuutaura273,684 JPY (0.5Y/120.0sq.m)264,692 JPY (8.5Y/142.5sq.m)132,381 JPY (21.2Y/158.3sq.m)
Annjinnduka101,666 JPY (46.5Y/75.0sq.m)152,726 JPY (25.5Y/147.5sq.m)118,666 JPY (31.0Y/115.0sq.m)
Hemi---
Shioiri257,189 JPY (4.0Y/115.0sq.m)352,941 JPY (0.5Y/50.0sq.m)191,666 JPY (22.5Y/150.0sq.m)
Yokosukachuuou349,722 JPY (17.6Y/362.5sq.m)35,833 JPY (36.0Y/287.5sq.m)164,402 JPY (34.3Y/121.0sq.m)
Kennritsudaigaku230,350 JPY (23.0Y/92.5sq.m)43,770 JPY (50.5Y/183.3sq.m)-
Horinouchi171,683 JPY (24.5Y/121.2sq.m)184,166 JPY (24.8Y/226.2sq.m)-
Keikyuuootsu260,000 JPY (42.5Y/220.0sq.m)300,013 JPY (21.5Y/117.5sq.m)-
Maborikaigann185,690 JPY (39.0Y/217.5sq.m)355,555 JPY (0.5Y/100.0sq.m)258,552 JPY (3.5Y/120.0sq.m)
Uraga147,952 JPY (27.8Y/212.0sq.m)184,845 JPY (21.1Y/137.9sq.m)166,476 JPY (35.5Y/591.2sq.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

Yokosukachuuou349,722 JPY/sq.m (+876% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 349,722 JPY/sq.m. The market value represents an increase of 313,889 JPY (+876.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.6 years old (a -51.3% decrease compared to the 36.0 years old of last year.). The average size of the real estate was 362.5 sq.m (a +26.1% increase compared to the 287.5 sq.m of last year.). The average total floor space of the real estate was 895.0 sq.m (a -15.6% decrease compared to the 1060.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 36.0 years old in 2015 and 17.6 years old in 2016; -51.3%)
  • An decrease in average distance from the station (representing 11.5 min in 2015 and 10.2 min in 2016; -10.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 25.0% of total transactions in 2016)

Kennritsudaigaku230,350 JPY/sq.m (+426% compared with the previous year)

The average price of a sq.m Home of Kennritsudaigaku was 230,350 JPY/sq.m. The market value represents an increase of 186,581 JPY (+426.3%) 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 23.0 years old (a -54.4% decrease compared to the 50.5 years old of last year.). The average size of the real estate was 92.5 sq.m (a -49.5% decrease compared to the 183.3 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a +27.5% increase compared to the 66.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 50.5 years old in 2015 and 23.0 years old in 2016; -54.4%)
  • A dramatic decrease in average distance from the station (representing 9.7 min in 2015 and 5.0 min in 2016; -48.3%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Maborikaigann185,690 JPY/sq.m (-48% compared with the previous year)

The average price of a sq.m Home of Maborikaigann was 185,690 JPY/sq.m. The market value represents a decrease of 169,865 JPY (-47.8%) 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 39.0 years old (a +7642.7% increase compared to the 0.5 years old of last year.). The average size of the real estate was 217.5 sq.m (a +117.5% increase compared to the 100.0 sq.m of last year.). The average total floor space of the real estate was 175.0 sq.m (a +94.4% increase compared to the 90.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.5 years old in 2015 and 39.0 years old in 2016; +7642.7%)

Annjinnduka101,666 JPY/sq.m (-33% compared with the previous year)

The average price of a sq.m Home of Annjinnduka was 101,666 JPY/sq.m. The market value represents a decrease of 51,060 JPY (-33.4%) 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 46.5 years old (a +82.4% increase compared to the 25.5 years old of last year.). The average size of the real estate was 75.0 sq.m (a -49.2% decrease compared to the 147.5 sq.m of last year.). The average total floor space of the real estate was 60.0 sq.m (a +9.1% 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 4.0 min in 2015 and 1.5 min in 2016; -62.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 25.5 years old in 2015 and 46.5 years old in 2016; +82.4%)
  • 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)