Keikyu Main Line Kanagawa 2016-FY
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 Sep, 2016 was 336,451 JPY/sq.m. The market value represents an increase of 664 JPY (+0.2%) compared to 1 year ago and a transition to a slight market. 445 properties exchanged hands ( The market value represents a decrease of 111 (-20.0%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 17.9 years old (a +12.8% increase compared to the 15.8 years old of last year.). The average size of the real estate was 147.2 sq.m (a -5.5% decrease compared to the 155.7 sq.m of last year.). The average total floor space of the real estate was 139.7 sq.m (a +5.1% increase compared to the 133.0 sq.m of last year.).

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

16 stations have experienced increased prices; 16 stations have experienced decreased prices. The overall trend was the same as last year. Tobe, Hinodechou, Kanazawabunnko, Horinouchi 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 +124.6% compared to last year; a sq.m unit now costs 252,577 JPY/sq.m.

The top 2 stations has seen prices increase +117.6% (+229,782 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -29.3% (-84,380 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 1.3% of total transactions in 2015 and 2.9% of total transactions in 2016)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.0% of total transactions in 2015 and 1.9% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 15.8 years old in 2015 and 17.9 years old in 2016; +12.8%)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 47.8% of total transactions in 2015 and 42.5% of total transactions in 2016)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.8% of total transactions in 2015 and 18.0% 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

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Home stations market overview

The average price of a sq.m Home of Minamioota, the highest market value along this railway was 619,896 JPY/sq.m. The market value represents an increase of 323,337 JPY (+109.0%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 1 (-11.1%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Home of Uraga, the lowest market value along this railway was 133,825 JPY/sq.m. The market value represents a decrease of 34,102 JPY (-20.3%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 22 (-46.8%) 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-3,332,868 JPY (42.5Y/1062.5sq.m)463,157 JPY (1.0Y/110.0sq.m)
Hacchounawate608,126 JPY (4.8Y/215.7sq.m)288,684 JPY (8.8Y/67.5sq.m)412,887 JPY (17.8Y/196.0sq.m)
Tsurumiichiba376,735 JPY (22.2Y/137.3sq.m)401,838 JPY (11.8Y/116.7sq.m)367,072 JPY (10.2Y/87.2sq.m)
Keikyuutsurumi324,978 JPY (19.3Y/125.0sq.m)401,588 JPY (14.6Y/89.6sq.m)329,637 JPY (9.4Y/87.3sq.m)
Kagetsuennmae480,140 JPY (7.3Y/271.4sq.m)451,916 JPY (4.1Y/90.4sq.m)350,000 JPY (44.5Y/69.0sq.m)
Namamugi418,582 JPY (5.8Y/103.3sq.m)380,127 JPY (17.8Y/135.0sq.m)336,164 JPY (8.4Y/95.2sq.m)
Koyasu432,438 JPY (14.9Y/82.5sq.m)499,718 JPY (2.8Y/113.3sq.m)305,882 JPY (11.0Y/55.0sq.m)
Kanagawashinnmachi457,894 JPY (0.0Y/57.5sq.m)455,462 JPY (10.0Y/57.5sq.m)257,265 JPY (32.9Y/105.0sq.m)
Nakakido-426,223 JPY (14.4Y/157.0sq.m)276,358 JPY (20.6Y/65.0sq.m)
Kanagawa554,762 JPY (13.2Y/178.3sq.m)-582,926 JPY (34.3Y/515.0sq.m)
Yokohama439,563 JPY (23.8Y/182.7sq.m)484,486 JPY (13.4Y/167.2sq.m)1,076,597 JPY (21.8Y/150.0sq.m)
Tobe523,914 JPY (16.3Y/96.2sq.m)351,226 JPY (35.0Y/86.1sq.m)346,592 JPY (22.6Y/83.5sq.m)
Hinodechou267,274 JPY (21.4Y/195.8sq.m)209,654 JPY (33.0Y/80.0sq.m)316,593 JPY (15.4Y/113.3sq.m)
Koganechou296,329 JPY (19.7Y/110.4sq.m)308,796 JPY (23.3Y/105.8sq.m)403,107 JPY (19.3Y/122.8sq.m)
Minamioota619,896 JPY (1.6Y/81.9sq.m)296,560 JPY (15.9Y/99.4sq.m)363,588 JPY (2.1Y/69.4sq.m)
Idogaya332,132 JPY (12.0Y/131.2sq.m)378,756 JPY (9.3Y/115.2sq.m)368,727 JPY (13.9Y/170.8sq.m)
Gumyoji318,713 JPY (14.9Y/114.7sq.m)329,034 JPY (12.5Y/123.0sq.m)300,262 JPY (16.5Y/125.2sq.m)
Kamioooka339,745 JPY (17.9Y/143.0sq.m)386,048 JPY (12.4Y/141.2sq.m)340,983 JPY (13.6Y/122.1sq.m)
Byoubugaura355,343 JPY (11.0Y/123.2sq.m)315,225 JPY (19.9Y/141.5sq.m)332,496 JPY (10.1Y/129.7sq.m)
Sugita335,630 JPY (15.7Y/99.5sq.m)314,794 JPY (13.0Y/141.6sq.m)352,326 JPY (6.2Y/126.8sq.m)
Keikyuutomioka306,643 JPY (14.9Y/166.8sq.m)345,057 JPY (10.6Y/145.9sq.m)353,986 JPY (14.7Y/165.2sq.m)
Noukenndai394,327 JPY (22.0Y/228.6sq.m)395,115 JPY (14.4Y/200.7sq.m)350,080 JPY (19.0Y/220.4sq.m)
Kanazawabunnko446,725 JPY (23.4Y/175.3sq.m)338,321 JPY (21.1Y/255.9sq.m)345,263 JPY (13.1Y/193.6sq.m)
Kanazawahakkei423,125 JPY (21.0Y/125.5sq.m)369,304 JPY (5.3Y/105.6sq.m)355,827 JPY (7.2Y/196.1sq.m)
Oppama255,047 JPY (16.8Y/174.4sq.m)280,036 JPY (15.7Y/269.8sq.m)238,032 JPY (16.7Y/177.7sq.m)
Keikyuutaura233,586 JPY (18.4Y/184.0sq.m)197,179 JPY (14.3Y/150.8sq.m)225,082 JPY (16.0Y/160.9sq.m)
Annjinnduka142,602 JPY (35.7Y/108.0sq.m)170,234 JPY (22.9Y/136.2sq.m)120,242 JPY (27.8Y/106.2sq.m)
Hemi216,508 JPY (4.8Y/183.3sq.m)351,165 JPY (6.6Y/185.0sq.m)273,083 JPY (12.6Y/129.2sq.m)
Shioiri185,451 JPY (23.1Y/123.3sq.m)175,457 JPY (25.5Y/87.5sq.m)240,761 JPY (19.3Y/161.4sq.m)
Yokosukachuuou252,577 JPY (22.2Y/172.1sq.m)112,455 JPY (32.8Y/232.1sq.m)363,486 JPY (26.4Y/139.5sq.m)
Kennritsudaigaku176,167 JPY (24.9Y/203.6sq.m)165,499 JPY (23.2Y/148.5sq.m)238,030 JPY (9.7Y/122.8sq.m)
Horinouchi238,661 JPY (19.4Y/138.5sq.m)193,259 JPY (25.5Y/221.0sq.m)336,928 JPY (0.5Y/105.0sq.m)
Keikyuuootsu260,000 JPY (42.5Y/220.0sq.m)314,438 JPY (19.5Y/118.8sq.m)220,778 JPY (26.0Y/97.5sq.m)
Maborikaigann217,628 JPY (40.3Y/180.0sq.m)271,998 JPY (22.7Y/146.7sq.m)264,504 JPY (11.6Y/139.2sq.m)
Uraga133,825 JPY (28.0Y/148.8sq.m)167,928 JPY (22.5Y/163.1sq.m)166,274 JPY (22.3Y/246.8sq.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

Yokosukachuuou252,577 JPY/sq.m (+125% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 252,577 JPY/sq.m. The market value represents an increase of 140,122 JPY (+124.6%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 10 (+142.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.2 years old (a -32.2% decrease compared to the 32.8 years old of last year.). The average size of the real estate was 172.1 sq.m (a -25.9% decrease compared to the 232.1 sq.m of last year.). The average total floor space of the real estate was 355.6 sq.m (a -12.2% decrease compared to the 405.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.8 years old in 2015 and 22.2 years old in 2016; -32.2%)
  • An decrease in average distance from the station (representing 12.9 min in 2015 and 10.9 min in 2016; -15.4%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 16.7% of total transactions in 2015 and 30.8% of total transactions in 2016)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 23.1% of total transactions in 2016)

Hacchounawate608,126 JPY/sq.m (+111% compared with the previous year)

The average price of a sq.m Home of Hacchounawate was 608,126 JPY/sq.m. The market value represents an increase of 319,442 JPY (+110.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 5 (+250.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 4.8 years old (a -45.2% decrease compared to the 8.8 years old of last year.). The average size of the real estate was 215.7 sq.m (a +219.6% increase compared to the 67.5 sq.m of last year.). The average total floor space of the real estate was 155.0 sq.m (a +59.0% increase compared to the 97.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 8.8 years old in 2015 and 4.8 years old in 2016; -45.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.5 min in 2015 and 10.1 min in 2016; +56.0%)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2015 and 42.9% of total transactions in 2016)

Hemi216,508 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Home of Hemi was 216,508 JPY/sq.m. The market value represents a decrease of 134,657 JPY (-38.3%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 4.8 years old (a -28.3% decrease compared to the 6.6 years old of last year.). The average size of the real estate was 183.3 sq.m (a -0.9% decrease compared to the 185.0 sq.m of last year.). The average total floor space of the real estate was 88.3 sq.m (a -7.0% decrease compared to the 95.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 6.6 years old in 2015 and 4.8 years old in 2016; -28.3%)
  • A dramatic decrease in average distance from the station (representing 16.4 min in 2015 and 4.7 min in 2016; -71.5%)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 75.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Uraga133,825 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Home of Uraga was 133,825 JPY/sq.m. The market value represents a decrease of 34,102 JPY (-20.3%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 22 (-46.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.0 years old (a +24.5% increase compared to the 22.5 years old of last year.). The average size of the real estate was 148.8 sq.m (a -8.8% decrease compared to the 163.1 sq.m of last year.). The average total floor space of the real estate was 94.4 sq.m (a -17.1% decrease compared to the 113.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 22.5 years old in 2015 and 28.0 years old in 2016; +24.5%)
  • An increase in average distance from the station (representing 19.1 min in 2015 and 21.1 min in 2016; +10.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 34.8% of total transactions in 2015 and 52.0% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 30.4% of total transactions in 2015 and 8.0% 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)