Keikyu Zushi Line railway market report
- Type: Home
- Line: Keikyu Zushi Line
Kanazawabunnko Shinnzushi [5 stations] - Period: 2017 - 2Q
Apr, 2017 Jun, 2017
Keikyu Zushi Line Home market overview
The average price of a sq.m Home of Keikyu Zushi Line (Kanazawabunnko to Shinnzushi), in Apr, 2017 to Jun, 2017 was 64,000 JPY/sq.m. The market value represents a decrease of 419,892 JPY (-86.8%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 27 (-96.4%) compared to 1 year ago and a transition to a dramatic market.).
The average age of the real estate was 43.3 years old (a +66.1% increase compared to the 26.1 years old of last year.). The average size of the real estate was 80.0 sq.m (a -50.2% decrease compared to the 160.5 sq.m of last year.). The average total floor space of the real estate was 50.0 sq.m (a -50.7% decrease compared to the 101.4 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle total floor space for a DINKS or an old age households less than 60 sq.m.
0 stations have experienced increased prices; 1 stations have experienced decreased prices. The market value decreased in all stations.
The top 1 stations has seen prices increase -83.3% (-319,802 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -83.3% (-319,802 JPY/sq.m).
Causes of price decreases
- A dramatic increase in average age of the building (representing 26.1 years old in 2016 and 43.3 years old in 2017; +66.1%)
- A dramatic increase in average distance from the station (representing 15.9 min in 2016 and 28.0 min in 2017; +75.8%)
- 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)
Breakdown of each segment
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
Home stations market overview
The average price of a sq.m Home of Kanazawahakkei, the highest market value along this railway was 64,000 JPY/sq.m. The market value represents a decrease of 319,802 JPY (-83.3%) 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 price of a sq.m Home of Kanazawahakkei, the lowest market value along this railway was 64,000 JPY/sq.m. The market value represents a decrease of 319,802 JPY (-83.3%) 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.).
| Keikyu Zushi Line | This year（2017） | 1 year ago | 2 years ago |
|---|---|---|---|
| Kanazawabunnko | - | 580,156 JPY (26.0Y/161.5sq.m) | 299,686 JPY (19.8Y/133.8sq.m) |
| Kanazawahakkei | 64,000 JPY (43.3Y/80.0sq.m) | 383,802 JPY (38.3Y/173.8sq.m) | 245,000 JPY (9.3Y/57.5sq.m) |
| Mutsuura | - | 281,596 JPY (18.1Y/165.8sq.m) | 240,670 JPY (21.6Y/120.8sq.m) |
| Jinnmuji | - | - | 304,210 JPY (0.6Y/116.7sq.m) |
| Shinnzushi | - | 461,538 JPY (26.3Y/60.0sq.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.
Noteworthy stations
Kanazawahakkei 64,000 JPY/sq.m (-83% compared with the previous year)
The average price of a sq.m Home of Kanazawahakkei was 64,000 JPY/sq.m. The market value represents a decrease of 319,802 JPY (-83.3%) 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 43.3 years old (a +13.1% increase compared to the 38.3 years old of last year.). The average size of the real estate was 80.0 sq.m (a -54.0% decrease compared to the 173.8 sq.m of last year.). The average total floor space of the real estate was 50.0 sq.m (a -48.7% decrease compared to the 97.5 sq.m of last year.).
Causes of price decreases
- An increase in average age of the building (representing 38.3 years old in 2016 and 43.3 years old in 2017; +13.1%)
- A dramatic increase in average distance from the station (representing 9.5 min in 2016 and 28.0 min in 2017; +194.7%)
- A dramatic increase in transactions involving older buildings over 40 years old (representing 75.0% of total transactions in 2016 and 100.0% of total transactions in 2017)
Breakdown of each segment
Station: Segment: