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 Sep, 2017 was 328,436 JPY/sq.m. The market value represents a decrease of 8,015 JPY (-2.4%) compared to 1 year ago and a transition to a slight market. 168 properties exchanged hands ( The market value represents a decrease of 277 (-62.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.5 years old (a +3.3% increase compared to the 17.9 years old of last year.). The average size of the real estate was 156.3 sq.m (a +6.2% increase compared to the 147.2 sq.m of last year.). The average total floor space of the real estate was 139.5 sq.m (a -0.2% decrease compared to the 139.7 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.

12 stations have experienced increased prices; 17 stations have experienced decreased prices. Market value of most stations decreased. Kanagawa, Yokohama, Tobe, Gumyoji, Horinouchi, Keikyuuootsu, Maborikaigann, Uraga station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Horinouchi station, where prices have increased +51.1% compared to last year; a sq.m unit now costs 360,728 JPY/sq.m.

The top 2 stations has seen prices increase +43.3% (+84,800 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -71.8% (-158,194 JPY/sq.m).

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 26.9% of total transactions in 2016 and 24.7% of total transactions in 2017)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.8% of total transactions in 2016 and 11.9% of total transactions in 2017)

Causes of price decreases

  • An decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.9% of total transactions in 2016 and 2.4% of total transactions in 2017)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 1.9% of total transactions in 2016 and 1.3% 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 153,571 JPY (+27.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 127,557 JPY (-68.8%) 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.).

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-608,126 JPY (4.8Y/215.7sq.m)288,684 JPY (8.8Y/67.5sq.m)
Tsurumiichiba448,017 JPY (10.5Y/111.9sq.m)376,735 JPY (22.2Y/137.3sq.m)401,838 JPY (11.8Y/116.7sq.m)
Keikyuutsurumi236,492 JPY (43.8Y/92.5sq.m)324,978 JPY (19.3Y/125.0sq.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)
Namamugi388,212 JPY (16.0Y/214.2sq.m)418,582 JPY (5.8Y/103.3sq.m)380,127 JPY (17.8Y/135.0sq.m)
Koyasu-432,438 JPY (14.9Y/82.5sq.m)499,718 JPY (2.8Y/113.3sq.m)
Kanagawashinnmachi-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)554,762 JPY (13.2Y/178.3sq.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)
Tobe692,105 JPY (6.2Y/83.0sq.m)523,914 JPY (16.3Y/96.2sq.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)
Koganechou285,353 JPY (27.0Y/110.0sq.m)296,329 JPY (19.7Y/110.4sq.m)308,796 JPY (23.3Y/105.8sq.m)
Minamioota371,924 JPY (12.2Y/120.7sq.m)619,896 JPY (1.6Y/81.9sq.m)296,560 JPY (15.9Y/99.4sq.m)
Idogaya254,368 JPY (21.8Y/110.0sq.m)332,132 JPY (12.0Y/131.2sq.m)378,756 JPY (9.3Y/115.2sq.m)
Gumyoji384,025 JPY (8.9Y/106.3sq.m)318,713 JPY (14.9Y/114.7sq.m)329,034 JPY (12.5Y/123.0sq.m)
Kamioooka289,287 JPY (23.9Y/131.0sq.m)339,745 JPY (17.9Y/143.0sq.m)386,048 JPY (12.4Y/141.2sq.m)
Byoubugaura346,966 JPY (15.5Y/135.4sq.m)355,343 JPY (11.0Y/123.2sq.m)315,225 JPY (19.9Y/141.5sq.m)
Sugita339,520 JPY (9.8Y/140.0sq.m)335,630 JPY (15.7Y/99.5sq.m)314,794 JPY (13.0Y/141.6sq.m)
Keikyuutomioka328,718 JPY (12.5Y/154.4sq.m)306,643 JPY (14.9Y/166.8sq.m)345,057 JPY (10.6Y/145.9sq.m)
Noukenndai328,860 JPY (22.8Y/186.5sq.m)394,327 JPY (22.0Y/228.6sq.m)395,115 JPY (14.4Y/200.7sq.m)
Kanazawabunnko363,368 JPY (15.3Y/196.7sq.m)446,725 JPY (23.4Y/175.3sq.m)338,321 JPY (21.1Y/255.9sq.m)
Kanazawahakkei351,239 JPY (21.6Y/349.2sq.m)423,125 JPY (21.0Y/125.5sq.m)369,304 JPY (5.3Y/105.6sq.m)
Oppama192,478 JPY (30.7Y/272.5sq.m)255,047 JPY (16.8Y/174.4sq.m)280,036 JPY (15.7Y/269.8sq.m)
Keikyuutaura188,333 JPY (23.3Y/120.0sq.m)233,586 JPY (18.4Y/184.0sq.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)
Hemi157,186 JPY (41.0Y/150.0sq.m)216,508 JPY (4.8Y/183.3sq.m)351,165 JPY (6.6Y/185.0sq.m)
Shioiri57,894 JPY (0.0Y/250.0sq.m)185,451 JPY (23.1Y/123.3sq.m)175,457 JPY (25.5Y/87.5sq.m)
Yokosukachuuou63,745 JPY (49.0Y/91.7sq.m)252,577 JPY (22.2Y/172.1sq.m)112,455 JPY (32.8Y/232.1sq.m)
Kennritsudaigaku146,449 JPY (20.9Y/100.0sq.m)176,167 JPY (24.9Y/203.6sq.m)165,499 JPY (23.2Y/148.5sq.m)
Horinouchi360,728 JPY (12.4Y/157.5sq.m)238,661 JPY (19.4Y/138.5sq.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)
Maborikaigann291,888 JPY (10.8Y/182.5sq.m)217,628 JPY (40.3Y/180.0sq.m)271,998 JPY (22.7Y/146.7sq.m)
Uraga181,359 JPY (23.4Y/203.3sq.m)133,825 JPY (28.0Y/148.8sq.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

Horinouchi360,728 JPY/sq.m (+51% compared with the previous year)

The average price of a sq.m Home of Horinouchi was 360,728 JPY/sq.m. The market value represents an increase of 122,067 JPY (+51.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 11 (-84.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.4 years old (a -36.1% decrease compared to the 19.4 years old of last year.). The average size of the real estate was 157.5 sq.m (a +13.7% increase compared to the 138.5 sq.m of last year.). The average total floor space of the real estate was 112.5 sq.m (a -1.8% decrease compared to the 114.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.4 years old in 2016 and 12.4 years old in 2017; -36.1%)
  • A dramatic decrease in average distance from the station (representing 11.0 min in 2016 and 3.5 min in 2017; -68.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.1% 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 50.0% of total transactions in 2017)

Uraga181,359 JPY/sq.m (+36% compared with the previous year)

The average price of a sq.m Home of Uraga was 181,359 JPY/sq.m. The market value represents an increase of 47,534 JPY (+35.5%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 19 (-76.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.4 years old (a -16.6% decrease compared to the 28.0 years old of last year.). The average size of the real estate was 203.3 sq.m (a +36.6% increase compared to the 148.8 sq.m of last year.). The average total floor space of the real estate was 110.0 sq.m (a +16.5% increase compared to the 94.4 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 28.0 years old in 2016 and 23.4 years old in 2017; -16.6%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 8.0% of total transactions in 2016 and 16.7% of total transactions in 2017)

Causes of price decreases

  • An increase in average distance from the station (representing 21.1 min in 2016 and 24.8 min in 2017; +17.8%)

Yokosukachuuou63,745 JPY/sq.m (-75% 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 188,832 JPY (-74.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 14 (-82.4%) 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 +120.9% increase compared to the 22.2 years old of last year.). The average size of the real estate was 91.7 sq.m (a -46.7% decrease compared to the 172.1 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -70.5% decrease compared to the 355.6 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 22.2 years old in 2016 and 49.0 years old in 2017; +120.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 30.8% of total transactions in 2016 and 100.0% of total transactions in 2017)

Shioiri57,894 JPY/sq.m (-69% 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 127,557 JPY (-68.8%) 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 250.0 sq.m (a +102.7% increase compared to the 123.3 sq.m of last year.). The average total floor space of the real estate was 95.0 sq.m (a +9.6% increase compared to the 86.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.7 min in 2016 and 3.0 min in 2017; -84.7%)

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)