Keikyu Main Line Kanagawa 2017-3Q
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, 2017 to Sep, 2017 was 332,432 JPY/sq.m. The market value represents an increase of 11,927 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 95 properties exchanged hands ( The market value represents a decrease of 30 (-24.0%) 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 +2.4% increase compared to the 17.2 years old of last year.). The average size of the real estate was 153.1 sq.m (a -4.0% decrease compared to the 159.4 sq.m of last year.). The average total floor space of the real estate was 133.1 sq.m (a -24.2% decrease compared to the 175.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

10 stations have experienced increased prices; 15 stations have experienced decreased prices. Market value of most stations decreased. Keikyuutsurumi, Yokohama, Koganechou, Gumyoji, Byoubugaura, Maborikaigann station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tobe station, where prices have increased +168.4% compared to last year; a sq.m unit now costs 520,000 JPY/sq.m.

The top 2 stations has seen prices increase +146.2% (+269,591 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -79.2% (-241,283 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.0% of total transactions in 2016 and 14.7% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 19.3% of total transactions in 2016 and 14.6% of total transactions in 2017)

Causes of price decreases

  • An decrease in transactions involving nearly new buildings under 3 years old (representing 46.2% of total transactions in 2016 and 41.6% of total transactions in 2017)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 21.8% of total transactions in 2016 and 23.6% 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 Kagetsuennmae, the highest market value along this railway was 542,105 JPY/sq.m. The market value represents an increase of 48,772 JPY (+9.9%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Uraga, the lowest market value along this railway was 47,058 JPY/sq.m. The market value represents a decrease of 100,894 JPY (-68.2%) 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.).

Keikyu Main Line (Stations Home market overview)
Keikyu Main LineThis year(2017)1 year ago2 years ago
Keikyuukawasaki--3,332,868 JPY (42.5Y/1062.5sq.m)
Hacchounawate-421,052 JPY (2.5Y/55.0sq.m)147,368 JPY (17.5Y/70.0sq.m)
Tsurumiichiba342,525 JPY (20.2Y/78.3sq.m)404,295 JPY (30.5Y/85.0sq.m)406,140 JPY (0.5Y/60.0sq.m)
Keikyuutsurumi437,500 JPY (41.5Y/75.0sq.m)289,770 JPY (18.3Y/107.5sq.m)416,466 JPY (25.8Y/115.0sq.m)
Kagetsuennmae542,105 JPY (26.0Y/197.5sq.m)493,333 JPY (0.5Y/45.0sq.m)506,666 JPY (0.5Y/50.0sq.m)
Namamugi367,845 JPY (23.5Y/282.5sq.m)411,670 JPY (2.0Y/84.3sq.m)350,188 JPY (17.9Y/144.0sq.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)
Kanagawa708,333 JPY (0.0Y/175.0sq.m)--
Yokohama541,666 JPY (21.5Y/85.0sq.m)412,916 JPY (30.3Y/213.0sq.m)590,294 JPY (13.5Y/100.8sq.m)
Tobe520,000 JPY (16.5Y/85.0sq.m)193,750 JPY (63.5Y/110.0sq.m)180,000 JPY (37.5Y/55.0sq.m)
Hinodechou214,652 JPY (35.9Y/83.3sq.m)346,895 JPY (8.8Y/168.3sq.m)114,285 JPY (41.5Y/105.0sq.m)
Koganechou285,353 JPY (27.0Y/110.0sq.m)177,052 JPY (34.0Y/123.8sq.m)-
Minamioota313,149 JPY (18.3Y/125.0sq.m)344,000 JPY (0.5Y/95.0sq.m)225,995 JPY (13.5Y/78.3sq.m)
Idogaya331,631 JPY (8.9Y/111.9sq.m)339,868 JPY (11.8Y/146.2sq.m)382,230 JPY (17.8Y/127.5sq.m)
Gumyoji388,758 JPY (9.5Y/100.0sq.m)296,187 JPY (17.6Y/119.3sq.m)355,749 JPY (9.5Y/133.2sq.m)
Kamioooka279,198 JPY (19.8Y/112.5sq.m)329,870 JPY (16.8Y/181.5sq.m)441,511 JPY (18.1Y/146.5sq.m)
Byoubugaura438,687 JPY (6.1Y/147.5sq.m)328,245 JPY (12.5Y/106.7sq.m)315,789 JPY (0.5Y/75.0sq.m)
Sugita323,809 JPY (0.5Y/127.5sq.m)409,485 JPY (4.4Y/104.3sq.m)291,938 JPY (14.3Y/119.0sq.m)
Keikyuutomioka314,066 JPY (16.0Y/160.7sq.m)305,177 JPY (12.3Y/194.0sq.m)344,847 JPY (15.7Y/152.2sq.m)
Noukenndai335,884 JPY (19.8Y/180.6sq.m)458,440 JPY (17.7Y/275.0sq.m)445,636 JPY (16.3Y/209.5sq.m)
Kanazawabunnko365,096 JPY (13.7Y/198.2sq.m)376,634 JPY (17.4Y/191.4sq.m)310,830 JPY (30.3Y/277.8sq.m)
Kanazawahakkei260,384 JPY (15.0Y/90.0sq.m)442,309 JPY (1.8Y/101.7sq.m)379,118 JPY (6.2Y/83.3sq.m)
Oppama212,121 JPY (29.5Y/200.0sq.m)274,088 JPY (17.9Y/240.8sq.m)307,315 JPY (10.9Y/252.3sq.m)
Keikyuutaura-273,684 JPY (0.5Y/120.0sq.m)264,692 JPY (8.5Y/142.5sq.m)
Annjinnduka-101,666 JPY (46.5Y/75.0sq.m)152,726 JPY (25.5Y/147.5sq.m)
Hemi157,186 JPY (41.0Y/150.0sq.m)--
Shioiri57,894 JPY (0.0Y/250.0sq.m)257,189 JPY (4.0Y/115.0sq.m)352,941 JPY (0.5Y/50.0sq.m)
Yokosukachuuou66,452 JPY (52.5Y/97.5sq.m)349,722 JPY (17.6Y/362.5sq.m)35,833 JPY (36.0Y/287.5sq.m)
Kennritsudaigaku168,245 JPY (8.5Y/95.0sq.m)230,350 JPY (23.0Y/92.5sq.m)43,770 JPY (50.5Y/183.3sq.m)
Horinouchi384,615 JPY (24.5Y/220.0sq.m)171,683 JPY (24.5Y/121.2sq.m)184,166 JPY (24.8Y/226.2sq.m)
Keikyuuootsu-260,000 JPY (42.5Y/220.0sq.m)300,013 JPY (21.5Y/117.5sq.m)
Maborikaigann322,054 JPY (2.0Y/210.0sq.m)185,690 JPY (39.0Y/217.5sq.m)355,555 JPY (0.5Y/100.0sq.m)
Uraga47,058 JPY (19.5Y/150.0sq.m)147,952 JPY (27.8Y/212.0sq.m)184,845 JPY (21.1Y/137.9sq.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

Tobe520,000 JPY/sq.m (+168% compared with the previous year)

The average price of a sq.m Home of Tobe was 520,000 JPY/sq.m. The market value represents an increase of 326,250 JPY (+168.4%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.5 years old (a -74.0% decrease compared to the 63.5 years old of last year.). The average size of the real estate was 85.0 sq.m (a -22.7% decrease compared to the 110.0 sq.m of last year.). The average total floor space of the real estate was 250.0 sq.m (a +56.2% increase compared to the 160.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 63.5 years old in 2016 and 16.5 years old in 2017; -74.0%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2016 and 6.0 min in 2017; +20.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Horinouchi384,615 JPY/sq.m (+124% compared with the previous year)

The average price of a sq.m Home of Horinouchi was 384,615 JPY/sq.m. The market value represents an increase of 212,932 JPY (+124.0%) 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 24.5 years old (a -0.0% decrease compared to the 24.5 years old of last year.). The average size of the real estate was 220.0 sq.m (a +81.4% increase compared to the 121.2 sq.m of last year.). The average total floor space of the real estate was 130.0 sq.m (a +44.4% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.2 min in 2016 and 3.0 min in 2017; -75.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Yokosukachuuou66,452 JPY/sq.m (-81% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 66,452 JPY/sq.m. The market value represents a decrease of 283,270 JPY (-81.0%) 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 age of the real estate was 52.5 years old (a +199.3% increase compared to the 17.6 years old of last year.). The average size of the real estate was 97.5 sq.m (a -73.1% decrease compared to the 362.5 sq.m of last year.). The average total floor space of the real estate was 127.5 sq.m (a -85.8% decrease compared to the 895.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.2 min in 2016 and 6.0 min in 2017; -41.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.6 years old in 2016 and 52.5 years old in 2017; +199.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Shioiri57,894 JPY/sq.m (-77% compared with the previous year)

The average price of a sq.m Home of Shioiri was 57,894 JPY/sq.m. The market value represents a decrease of 199,295 JPY (-77.5%) 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 250.0 sq.m (a +117.4% increase compared to the 115.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a +8.6% increase compared to the 87.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.5 min in 2016 and 3.0 min in 2017; -85.4%)

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)