Keikyu Main Line Kanagawa 2017-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, 2017 to Dec, 2017 was 329,877 JPY/sq.m. The market value represents a decrease of 5,052 JPY (-1.5%) compared to 1 year ago and a transition to a slight market. 245 properties exchanged hands ( The market value represents a decrease of 372 (-60.3%) 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 -2.0% decrease compared to the 17.6 years old of last year.). The average size of the real estate was 148.3 sq.m (a +0.3% increase compared to the 147.8 sq.m of last year.). The average total floor space of the real estate was 127.9 sq.m (a -10.8% decrease compared to the 143.3 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 an increase in transactions involving relatively large total floor space more than 100 sq.m.

14 stations have experienced increased prices; 18 stations have experienced decreased prices. The overall trend was the same as last year. Tsurumiichiba, Kanagawa, Yokohama, Tobe, Horinouchi, Keikyuuootsu, Uraga station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kanagawa station, where prices have increased +49.3% compared to last year; a sq.m unit now costs 708,333 JPY/sq.m.

The top 2 stations has seen prices increase +41.7% (+196,247 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -70.8% (-157,727 JPY/sq.m).

Cause of price increases

  • A some increase in transactions involving nearly new buildings under 3 years old (representing 42.9% of total transactions in 2016 and 44.8% of total transactions in 2017)
  • An decrease in transactions involving older buildings over 40 years old (representing 17.4% of total transactions in 2016 and 15.2% of total transactions in 2017)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 11.3% of total transactions in 2016 and 10.2% of total transactions in 2017)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.8% of total transactions in 2016 and 2.0% 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 Kanagawa, the highest market value along this railway was 708,333 JPY/sq.m. The market value represents an increase of 233,785 JPY (+49.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Shioiri, the lowest market value along this railway was 57,894 JPY/sq.m. The market value represents a decrease of 108,248 JPY (-65.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) 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-52,631 JPY (0.0Y/340.0sq.m)3,332,868 JPY (42.5Y/1062.5sq.m)
Hacchounawate366,666 JPY (36.8Y/45.0sq.m)554,588 JPY (6.8Y/227.1sq.m)288,684 JPY (8.8Y/67.5sq.m)
Tsurumiichiba481,493 JPY (13.7Y/123.0sq.m)379,826 JPY (20.5Y/132.5sq.m)401,838 JPY (11.8Y/116.7sq.m)
Keikyuutsurumi334,982 JPY (30.3Y/111.2sq.m)317,845 JPY (21.4Y/157.4sq.m)401,588 JPY (14.6Y/89.6sq.m)
Kagetsuennmae542,105 JPY (26.0Y/197.5sq.m)480,140 JPY (7.3Y/271.4sq.m)451,916 JPY (4.1Y/90.4sq.m)
Namamugi395,249 JPY (15.2Y/174.5sq.m)417,081 JPY (6.1Y/98.3sq.m)380,127 JPY (17.8Y/135.0sq.m)
Koyasu421,052 JPY (0.8Y/75.0sq.m)460,397 JPY (10.2Y/78.3sq.m)499,718 JPY (2.8Y/113.3sq.m)
Kanagawashinnmachi469,565 JPY (0.8Y/100.0sq.m)457,894 JPY (0.0Y/57.5sq.m)455,462 JPY (10.0Y/57.5sq.m)
Nakakido--426,223 JPY (14.4Y/157.0sq.m)
Kanagawa708,333 JPY (0.0Y/175.0sq.m)474,548 JPY (14.0Y/127.5sq.m)-
Yokohama541,666 JPY (21.5Y/85.0sq.m)439,563 JPY (23.8Y/182.7sq.m)484,486 JPY (13.4Y/167.2sq.m)
Tobe623,263 JPY (4.0Y/80.7sq.m)464,553 JPY (24.8Y/126.1sq.m)351,226 JPY (35.0Y/86.1sq.m)
Hinodechou214,652 JPY (35.9Y/83.3sq.m)267,274 JPY (21.4Y/195.8sq.m)209,654 JPY (33.0Y/80.0sq.m)
Koganechou342,087 JPY (18.3Y/93.3sq.m)328,667 JPY (17.0Y/111.4sq.m)308,796 JPY (23.3Y/105.8sq.m)
Minamioota392,067 JPY (8.4Y/125.5sq.m)619,896 JPY (1.6Y/81.9sq.m)296,560 JPY (15.9Y/99.4sq.m)
Idogaya246,889 JPY (23.1Y/107.5sq.m)340,319 JPY (17.6Y/127.2sq.m)378,756 JPY (9.3Y/115.2sq.m)
Gumyoji363,668 JPY (9.6Y/115.4sq.m)309,530 JPY (16.4Y/121.2sq.m)329,034 JPY (12.5Y/123.0sq.m)
Kamioooka296,549 JPY (23.9Y/131.1sq.m)342,683 JPY (17.2Y/142.0sq.m)386,048 JPY (12.4Y/141.2sq.m)
Byoubugaura347,912 JPY (14.1Y/130.3sq.m)364,625 JPY (11.1Y/128.1sq.m)315,225 JPY (19.9Y/141.5sq.m)
Sugita278,043 JPY (10.1Y/149.4sq.m)347,967 JPY (12.7Y/116.7sq.m)314,794 JPY (13.0Y/141.6sq.m)
Keikyuutomioka323,504 JPY (14.1Y/146.1sq.m)300,518 JPY (12.6Y/172.1sq.m)345,057 JPY (10.6Y/145.9sq.m)
Noukenndai324,069 JPY (21.3Y/186.5sq.m)391,251 JPY (19.3Y/214.2sq.m)395,115 JPY (14.4Y/200.7sq.m)
Kanazawabunnko346,304 JPY (15.8Y/184.4sq.m)414,094 JPY (22.6Y/179.7sq.m)338,321 JPY (21.1Y/255.9sq.m)
Kanazawahakkei370,434 JPY (16.4Y/293.1sq.m)393,097 JPY (20.3Y/133.0sq.m)369,304 JPY (5.3Y/105.6sq.m)
Oppama192,478 JPY (30.7Y/272.5sq.m)268,245 JPY (16.0Y/170.0sq.m)280,036 JPY (15.7Y/269.8sq.m)
Keikyuutaura236,666 JPY (15.8Y/116.7sq.m)266,918 JPY (15.8Y/140.9sq.m)197,179 JPY (14.3Y/150.8sq.m)
Annjinnduka-142,602 JPY (35.7Y/108.0sq.m)170,234 JPY (22.9Y/136.2sq.m)
Hemi210,346 JPY (34.3Y/118.3sq.m)285,595 JPY (3.4Y/176.2sq.m)351,165 JPY (6.6Y/185.0sq.m)
Shioiri57,894 JPY (0.0Y/212.5sq.m)166,142 JPY (31.6Y/135.0sq.m)175,457 JPY (25.5Y/87.5sq.m)
Yokosukachuuou63,745 JPY (49.0Y/91.7sq.m)270,952 JPY (20.7Y/174.2sq.m)112,455 JPY (32.8Y/232.1sq.m)
Kennritsudaigaku112,267 JPY (21.9Y/90.8sq.m)205,575 JPY (21.5Y/198.0sq.m)165,499 JPY (23.2Y/148.5sq.m)
Horinouchi286,614 JPY (20.1Y/151.2sq.m)228,638 JPY (21.3Y/143.2sq.m)193,259 JPY (25.5Y/221.0sq.m)
Keikyuuootsu344,444 JPY (0.3Y/115.0sq.m)260,000 JPY (42.5Y/220.0sq.m)314,438 JPY (19.5Y/118.8sq.m)
Maborikaigann272,029 JPY (12.2Y/194.0sq.m)254,359 JPY (32.2Y/185.7sq.m)271,998 JPY (22.7Y/146.7sq.m)
Uraga181,359 JPY (23.4Y/203.3sq.m)137,853 JPY (26.6Y/136.9sq.m)167,928 JPY (22.5Y/163.1sq.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

Kanagawa708,333 JPY/sq.m (+49% compared with the previous year)

The average price of a sq.m Home of Kanagawa was 708,333 JPY/sq.m. The market value represents an increase of 233,785 JPY (+49.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 175.0 sq.m (a +37.3% increase compared to the 127.5 sq.m of last year.). The average total floor space of the real estate was 120.0 sq.m (a -19.6% decrease compared to the 149.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.7 min in 2016 and 4.0 min in 2017; -40.0%)
  • A dramatic increase 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 2016 and 100.0% of total transactions in 2017)

Tobe623,263 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Home of Tobe was 623,263 JPY/sq.m. The market value represents an increase of 158,709 JPY (+34.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 4.0 years old (a -83.8% decrease compared to the 24.8 years old of last year.). The average size of the real estate was 80.7 sq.m (a -36.0% decrease compared to the 126.1 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a +12.8% increase compared to the 110.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.8 years old in 2016 and 4.0 years old in 2017; -83.8%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 50.0% of total transactions in 2016 and 80.0% of total transactions in 2017)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2016 and 28.6% of total transactions in 2017)

Yokosukachuuou63,745 JPY/sq.m (-76% compared with the previous year)

The average price of a sq.m Home of Yokosukachuuou was 63,745 JPY/sq.m. The market value represents a decrease of 207,207 JPY (-76.5%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 15 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 49.0 years old (a +137.2% increase compared to the 20.7 years old of last year.). The average size of the real estate was 91.7 sq.m (a -47.4% decrease compared to the 174.2 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -69.9% decrease compared to the 349.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.9 min in 2016 and 8.7 min in 2017; -20.4%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.7 years old in 2016 and 49.0 years old in 2017; +137.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 28.6% of total transactions in 2016 and 100.0% of total transactions in 2017)

Shioiri57,894 JPY/sq.m (-65% 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 108,248 JPY (-65.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 212.5 sq.m (a +57.4% increase compared to the 135.0 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a -19.1% decrease compared to the 117.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.2 min in 2016 and 6.5 min in 2017; -54.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 22.2% of total transactions in 2016 and 50.0% 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)