Keikyu Main Line Kanagawa 2017-2Q
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, 2017 to Jun, 2017 was 316,925 JPY/sq.m. The market value represents a decrease of 34,656 JPY (-9.9%) compared to 1 year ago and a transition to a bear market. 21 properties exchanged hands ( The market value represents a decrease of 160 (-88.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.8 years old (a -8.7% decrease compared to the 18.4 years old of last year.). The average size of the real estate was 118.8 sq.m (a -10.3% decrease compared to the 132.5 sq.m of last year.). The average total floor space of the real estate was 119.8 sq.m (a -2.5% decrease compared to the 122.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving recently constructed buildings under 6 years old, as well as a dramatic increase in transactions involving total floor space for a general family households less than 100 sq.m.

5 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Gumyoji, Keikyuutomioka, Keikyuutaura, Horinouchi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sugita station, where prices have increased +205.2% compared to last year; a sq.m unit now costs 503,448 JPY/sq.m.

The top 2 stations has seen prices increase +131.9% (+255,326 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -71.7% (-261,085 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 14.0 min in 2016 and 12.5 min in 2017; -11.0%)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 0.6% of total transactions in 2016 and 5.0% of total transactions in 2017)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 42.6% of total transactions in 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A some increase in transactions involving older buildings over 40 years old (representing 18.9% of total transactions in 2016 and 20.0% of total transactions in 2017)

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 536,842 JPY/sq.m. The market value represents a decrease of 221,002 JPY (-29.2%) 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 price of a sq.m Home of Kanazawahakkei, the lowest market value along this railway was 64,000 JPY/sq.m. The market value represents a decrease of 319,802 JPY (-83.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2017)1 year ago2 years ago
Keikyuukawasaki---
Hacchounawate-626,086 JPY (0.3Y/110.0sq.m)-
Tsurumiichiba-343,316 JPY (27.3Y/182.5sq.m)360,000 JPY (5.3Y/70.0sq.m)
Keikyuutsurumi-412,298 JPY (11.3Y/93.8sq.m)383,589 JPY (13.9Y/95.0sq.m)
Kagetsuennmae-441,300 JPY (0.3Y/95.0sq.m)405,556 JPY (0.3Y/86.7sq.m)
Namamugi-413,803 JPY (13.1Y/107.5sq.m)524,893 JPY (30.3Y/236.7sq.m)
Keikyuushinnkoyasu---
Koyasu-446,149 JPY (15.6Y/85.0sq.m)-
Kanagawashinnmachi---
Nakakido--150,000 JPY (39.3Y/350.0sq.m)
Kanagawa-575,000 JPY (0.3Y/57.5sq.m)-
Yokohama-490,728 JPY (15.7Y/137.1sq.m)557,558 JPY (17.8Y/117.5sq.m)
Tobe-580,952 JPY (0.3Y/87.5sq.m)517,207 JPY (36.3Y/123.3sq.m)
Hinodechou-240,740 JPY (28.3Y/270.0sq.m)168,414 JPY (36.3Y/72.5sq.m)
Koganechou-330,357 JPY (11.8Y/91.2sq.m)378,947 JPY (0.3Y/60.0sq.m)
Minamioota536,842 JPY (0.3Y/117.5sq.m)757,844 JPY (2.5Y/73.8sq.m)321,885 JPY (17.3Y/103.3sq.m)
Idogaya135,000 JPY (41.3Y/85.0sq.m)337,368 JPY (10.3Y/122.3sq.m)367,637 JPY (2.5Y/104.0sq.m)
Gumyoji466,101 JPY (0.3Y/85.0sq.m)293,945 JPY (18.8Y/109.1sq.m)326,805 JPY (15.5Y/103.3sq.m)
Kamioooka263,085 JPY (31.9Y/125.0sq.m)342,728 JPY (14.6Y/126.8sq.m)290,330 JPY (12.5Y/92.5sq.m)
Byoubugaura-366,242 JPY (9.5Y/121.2sq.m)414,324 JPY (0.3Y/124.0sq.m)
Sugita503,448 JPY (5.3Y/165.0sq.m)164,952 JPY (51.8Y/95.0sq.m)308,634 JPY (6.5Y/126.0sq.m)
Keikyuutomioka380,000 JPY (0.3Y/132.5sq.m)255,647 JPY (25.7Y/133.3sq.m)-
Noukenndai340,740 JPY (31.3Y/210.0sq.m)378,693 JPY (24.2Y/194.4sq.m)304,348 JPY (14.8Y/172.5sq.m)
Kanazawabunnko-580,156 JPY (26.0Y/161.5sq.m)299,686 JPY (19.8Y/133.8sq.m)
Kanazawahakkei64,000 JPY (43.3Y/80.0sq.m)383,802 JPY (38.3Y/173.8sq.m)245,000 JPY (9.3Y/57.5sq.m)
Oppama184,000 JPY (36.3Y/180.0sq.m)236,173 JPY (16.4Y/147.8sq.m)193,467 JPY (25.9Y/488.3sq.m)
Keikyuutaura188,333 JPY (23.3Y/120.0sq.m)154,166 JPY (20.8Y/185.0sq.m)-
Annjinnduka-189,839 JPY (21.8Y/160.0sq.m)187,740 JPY (20.3Y/125.0sq.m)
Hemi-306,666 JPY (4.8Y/175.0sq.m)-
Shioiri-194,180 JPY (27.9Y/118.3sq.m)213,333 JPY (21.3Y/100.0sq.m)
Yokosukachuuou-219,988 JPY (20.5Y/115.0sq.m)104,762 JPY (42.4Y/80.0sq.m)
Kennritsudaigaku102,857 JPY (33.3Y/110.0sq.m)145,894 JPY (34.3Y/335.0sq.m)244,243 JPY (26.9Y/123.0sq.m)
Horinouchi336,842 JPY (0.3Y/95.0sq.m)258,194 JPY (10.1Y/115.0sq.m)229,629 JPY (28.3Y/200.0sq.m)
Keikyuuootsu344,444 JPY (0.3Y/115.0sq.m)-411,696 JPY (0.3Y/97.5sq.m)
Maborikaigann-118,181 JPY (42.3Y/75.0sq.m)291,075 JPY (34.8Y/195.0sq.m)
Uraga-154,552 JPY (25.4Y/118.5sq.m)157,118 JPY (23.1Y/166.4sq.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

Sugita503,448 JPY/sq.m (+205% compared with the previous year)

The average price of a sq.m Home of Sugita was 503,448 JPY/sq.m. The market value represents an increase of 338,496 JPY (+205.2%) 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 5.3 years old (a -89.9% decrease compared to the 51.8 years old of last year.). The average size of the real estate was 165.0 sq.m (a +73.7% increase compared to the 95.0 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a +41.5% increase compared to the 102.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 51.8 years old in 2016 and 5.3 years old in 2017; -89.9%)
  • A dramatic decrease in average distance from the station (representing 13.0 min in 2016 and 8.0 min in 2017; -38.5%)

Gumyoji466,101 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Home of Gumyoji was 466,101 JPY/sq.m. The market value represents an increase of 172,155 JPY (+58.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 19 (-82.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.3 years old (a -98.7% decrease compared to the 18.8 years old of last year.). The average size of the real estate was 85.0 sq.m (a -22.1% decrease compared to the 109.1 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -7.5% decrease compared to the 97.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 18.8 years old in 2016 and 0.3 years old in 2017; -98.7%)
  • A dramatic decrease in average distance from the station (representing 16.0 min in 2016 and 8.8 min in 2017; -45.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 42.9% of total transactions in 2016 and 100.0% of total transactions in 2017)

Kanazawahakkei64,000 JPY/sq.m (-83% compared with the previous year)

The average price of a sq.m Home of Kanazawahakkei was 64,000 JPY/sq.m. The market value represents a decrease of 319,802 JPY (-83.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 43.3 years old (a +13.1% increase compared to the 38.3 years old of last year.). The average size of the real estate was 80.0 sq.m (a -54.0% decrease compared to the 173.8 sq.m of last year.). The average total floor space of the real estate was 50.0 sq.m (a -48.7% decrease compared to the 97.5 sq.m of last year.).

Causes of price decreases

  • An increase in average age of the building (representing 38.3 years old in 2016 and 43.3 years old in 2017; +13.1%)
  • A dramatic increase in average distance from the station (representing 9.5 min in 2016 and 28.0 min in 2017; +194.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 75.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Idogaya135,000 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Home of Idogaya was 135,000 JPY/sq.m. The market value represents a decrease of 202,368 JPY (-60.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 10 (-90.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 41.3 years old (a +302.4% increase compared to the 10.3 years old of last year.). The average size of the real estate was 85.0 sq.m (a -30.5% decrease compared to the 122.3 sq.m of last year.). The average total floor space of the real estate was 60.0 sq.m (a -50.4% decrease compared to the 121.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.3 years old in 2016 and 41.3 years old in 2017; +302.4%)
  • A dramatic increase in average distance from the station (representing 11.6 min in 2016 and 19.0 min in 2017; +63.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 18.2% of total transactions in 2016 and 100.0% of total transactions in 2017)

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)