Keikyu Zushi Line Kanagawa 2016-FY
Home market report

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 Jan, 2016 to Sep, 2016 was 392,331 JPY/sq.m. The market value represents an increase of 75,029 JPY (+23.6%) compared to 1 year ago and a transition to a dramatic market. 65 properties exchanged hands ( The market value represents a decrease of 14 (-17.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 22.9 years old (a +28.0% increase compared to the 17.9 years old of last year.). The average size of the real estate was 164.2 sq.m (a -15.5% decrease compared to the 194.3 sq.m of last year.). The average total floor space of the real estate was 125.2 sq.m (a -21.8% decrease compared to the 160.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

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 +32.0% compared to last year; a sq.m unit now costs 446,725 JPY/sq.m.

The top 1 stations has seen prices increase +32.0% (+108,404 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -2.2% (-6,090 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 1.3% of total transactions in 2015 and 3.1% of total transactions in 2016)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.3% of total transactions in 2015 and 1.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.9 years old in 2015 and 22.9 years old in 2016; +28.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 31.6% of total transactions in 2015 and 43.8% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 42.1% of total transactions in 2015 and 28.1% 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 Kanazawabunnko, the highest market value along this railway was 446,725 JPY/sq.m. The market value represents an increase of 108,404 JPY (+32.0%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents a decrease of 5 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average price of a sq.m Home of Mutsuura, the lowest market value along this railway was 271,189 JPY/sq.m. The market value represents a decrease of 6,090 JPY (-2.2%) compared to 1 year ago and a transition to a slight market. 17 properties exchanged hands ( The market value represents a decrease of 7 (-29.2%) 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
Kanazawabunnko446,725 JPY (23.4Y/175.3sq.m)338,321 JPY (21.1Y/255.9sq.m)345,263 JPY (13.1Y/193.6sq.m)
Kanazawahakkei423,125 JPY (21.0Y/125.5sq.m)369,304 JPY (5.3Y/105.6sq.m)355,827 JPY (7.2Y/196.1sq.m)
Mutsuura271,189 JPY (21.9Y/175.6sq.m)277,279 JPY (17.9Y/141.5sq.m)272,628 JPY (13.7Y/140.5sq.m)
Jinnmuji-287,105 JPY (11.7Y/128.3sq.m)137,500 JPY (18.3Y/95.0sq.m)
Shinnzushi300,769 JPY (33.9Y/85.0sq.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

Kanazawabunnko446,725 JPY/sq.m (+32% compared with the previous year)

The average price of a sq.m Home of Kanazawabunnko was 446,725 JPY/sq.m. The market value represents an increase of 108,404 JPY (+32.0%) compared to 1 year ago and a transition to a dramatic market. 35 properties exchanged hands ( The market value represents a decrease of 5 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 23.4 years old (a +10.6% increase compared to the 21.1 years old of last year.). The average size of the real estate was 175.3 sq.m (a -31.5% decrease compared to the 255.9 sq.m of last year.). The average total floor space of the real estate was 126.3 sq.m (a -41.6% decrease compared to the 216.4 sq.m of last year.).

Cause of price increases

  • A some decrease in transactions involving older buildings over 40 years old (representing 15.4% of total transactions in 2015 and 14.3% of total transactions in 2016)
  • An increase in transactions involving recently constructed buildings under 6 years old (representing 2.6% of total transactions in 2015 and 2.9% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 21.1 years old in 2015 and 23.4 years old in 2016; +10.6%)
  • An increase in average distance from the station (representing 17.4 min in 2015 and 19.9 min in 2016; +14.6%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2015 and 25.7% of total transactions in 2016)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 43.6% of total transactions in 2015 and 48.6% of total transactions in 2016)

Mutsuura271,189 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Home of Mutsuura was 271,189 JPY/sq.m. The market value represents a decrease of 6,090 JPY (-2.2%) compared to 1 year ago and a transition to a slight market. 17 properties exchanged hands ( The market value represents a decrease of 7 (-29.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.9 years old (a +22.2% increase compared to the 17.9 years old of last year.). The average size of the real estate was 175.6 sq.m (a +24.1% increase compared to the 141.5 sq.m of last year.). The average total floor space of the real estate was 150.0 sq.m (a +47.5% increase compared to the 101.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.7 min in 2015 and 10.1 min in 2016; -26.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.3% of total transactions in 2015 and 11.8% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.9 years old in 2015 and 21.9 years old in 2016; +22.2%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2015 and 47.1% of total transactions in 2016)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 41.7% of total transactions in 2015 and 29.4% 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)