Keikyu Zushi Line railway market report

Keikyu Zushi Line Home market overview

The average price of a sq.m Home of Keikyu Zushi Line (Kanazawabunnko to Shinnzushi), in Jul, 2016 to Sep, 2016 was 330,706 JPY/sq.m. The market value represents an increase of 21,428 JPY (+6.9%) compared to 1 year ago and a transition to a strong market. 17 properties exchanged hands ( The market value represents a decrease of 8 (-32.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.0 years old (a -11.4% decrease compared to the 23.7 years old of last year.). The average size of the real estate was 149.7 sq.m (a -32.9% decrease compared to the 223.0 sq.m of last year.). The average total floor space of the real estate was 104.1 sq.m (a -14.7% decrease compared to the 122.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving older buildings over 40 years old.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was the same as last year. Kanazawabunnko station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kanazawabunnko station, where prices have increased +21.2% compared to last year; a sq.m unit now costs 376,634 JPY/sq.m.

The top 1 stations has seen prices increase +21.2% (+65,804 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -11.0% (-31,159 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 23.7 years old in 2015 and 21.0 years old in 2016; -11.4%)
  • An decrease in average distance from the station (representing 17.8 min in 2015 and 15.4 min in 2016; -13.9%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 48.0% of total transactions in 2015 and 23.5% of total transactions in 2016)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 28.0% of total transactions in 2015 and 35.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 16.0% of total transactions in 2015 and 29.4% of total transactions in 2016)

Breakdown of each segment

The table below shows Home dealt in Keikyu Zushi 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 Kanazawahakkei, the highest market value along this railway was 442,309 JPY/sq.m. The market value represents an increase of 63,191 JPY (+16.7%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Mutsuura, the lowest market value along this railway was 253,105 JPY/sq.m. The market value represents a decrease of 31,159 JPY (-11.0%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

Keikyu Zushi Line (Stations Home market overview)
Keikyu Zushi LineThis year(2016)1 year ago2 years ago
Kanazawabunnko376,634 JPY (17.4Y/191.4sq.m)310,830 JPY (30.3Y/277.8sq.m)342,963 JPY (18.7Y/152.5sq.m)
Kanazawahakkei442,309 JPY (1.8Y/101.7sq.m)379,118 JPY (6.2Y/83.3sq.m)263,017 JPY (9.2Y/173.8sq.m)
Mutsuura253,105 JPY (31.4Y/131.7sq.m)284,264 JPY (13.7Y/156.0sq.m)274,853 JPY (9.8Y/146.7sq.m)
Jinnmuji-200,000 JPY (20.5Y/100.0sq.m)-
Shinnzushi140,000 JPY (41.5Y/110.0sq.m)-463,157 JPY (0.5Y/95.0sq.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

Kanazawabunnko376,634 JPY/sq.m (+21% compared with the previous year)

The average price of a sq.m Home of Kanazawabunnko was 376,634 JPY/sq.m. The market value represents an increase of 65,804 JPY (+21.2%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 9 (-56.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.4 years old (a -42.6% decrease compared to the 30.3 years old of last year.). The average size of the real estate was 191.4 sq.m (a -31.1% decrease compared to the 277.8 sq.m of last year.). The average total floor space of the real estate was 115.7 sq.m (a -17.0% decrease compared to the 139.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 30.3 years old in 2015 and 17.4 years old in 2016; -42.6%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 18.8% of total transactions in 2015 and 42.9% of total transactions in 2016)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 56.2% of total transactions in 2015 and 14.3% of total transactions in 2016)

Causes of price decreases

  • An increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2015 and 28.6% of total transactions in 2016)

Mutsuura253,105 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Home of Mutsuura was 253,105 JPY/sq.m. The market value represents a decrease of 31,159 JPY (-11.0%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents an increase of 1 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.4 years old (a +128.7% increase compared to the 13.7 years old of last year.). The average size of the real estate was 131.7 sq.m (a -15.6% decrease compared to the 156.0 sq.m of last year.). The average total floor space of the real estate was 97.5 sq.m (a +3.7% increase compared to the 94.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 13.6 min in 2015 and 11.0 min in 2016; -19.1%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.7 years old in 2015 and 31.4 years old in 2016; +128.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2015 and 50.0% 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)