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, 2017 to Sep, 2017 was 340,594 JPY/sq.m. The market value represents an increase of 9,888 JPY (+3.0%) compared to 1 year ago and a transition to a slight market. 25 properties exchanged hands ( The market value represents an increase of 8 (+47.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 13.1 years old (a -37.5% decrease compared to the 21.0 years old of last year.). The average size of the real estate was 158.6 sq.m (a +5.9% increase compared to the 149.7 sq.m of last year.). The average total floor space of the real estate was 122.2 sq.m (a +17.4% increase compared to the 104.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m, as well as a dramatic increase in transactions involving nearly new buildings under 3 years old.

1 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Mutsuura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mutsuura station, where prices have increased +26.5% compared to last year; a sq.m unit now costs 320,304 JPY/sq.m.

The top 1 stations has seen prices increase +26.5% (+67,199 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -41.1% (-181,924 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.0 years old in 2016 and 13.1 years old in 2017; -37.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 35.3% of total transactions in 2016 and 60.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 29.4% of total transactions in 2016 and 8.0% of total transactions in 2017)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 23.5% of total transactions in 2016 and 28.0% of total transactions in 2017)

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 365,096 JPY/sq.m. The market value represents a decrease of 11,538 JPY (-3.1%) compared to 1 year ago and a transition to a some market. 14 properties exchanged hands ( The market value represents an increase of 7 (+100.0%) 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 260,384 JPY/sq.m. The market value represents a decrease of 181,924 JPY (-41.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

Keikyu Zushi Line (Stations Home market overview)
Keikyu Zushi LineThis year(2017)1 year ago2 years ago
Kanazawabunnko365,096 JPY (13.7Y/198.2sq.m)376,634 JPY (17.4Y/191.4sq.m)310,830 JPY (30.3Y/277.8sq.m)
Kanazawahakkei260,384 JPY (15.0Y/90.0sq.m)442,309 JPY (1.8Y/101.7sq.m)379,118 JPY (6.2Y/83.3sq.m)
Mutsuura320,304 JPY (11.7Y/112.2sq.m)253,105 JPY (31.4Y/131.7sq.m)284,264 JPY (13.7Y/156.0sq.m)
Jinnmuji--200,000 JPY (20.5Y/100.0sq.m)
Shinnzushi-140,000 JPY (41.5Y/110.0sq.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

Mutsuura320,304 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Home of Mutsuura was 320,304 JPY/sq.m. The market value represents an increase of 67,199 JPY (+26.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 3 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 11.7 years old (a -62.6% decrease compared to the 31.4 years old of last year.). The average size of the real estate was 112.2 sq.m (a -14.8% decrease compared to the 131.7 sq.m of last year.). The average total floor space of the real estate was 111.7 sq.m (a +14.5% increase compared to the 97.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 31.4 years old in 2016 and 11.7 years old in 2017; -62.6%)
  • A dramatic decrease in average distance from the station (representing 11.0 min in 2016 and 7.7 min in 2017; -30.3%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 16.7% of total transactions in 2016 and 66.7% of total transactions in 2017)

Kanazawahakkei260,384 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Home of Kanazawahakkei was 260,384 JPY/sq.m. The market value represents a decrease of 181,924 JPY (-41.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.0 years old (a +716.7% increase compared to the 1.8 years old of last year.). The average size of the real estate was 90.0 sq.m (a -11.5% decrease compared to the 101.7 sq.m of last year.). The average total floor space of the real estate was 82.5 sq.m (a -10.0% decrease compared to the 91.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 1.8 years old in 2016 and 15.0 years old in 2017; +716.7%)
  • A dramatic increase in average distance from the station (representing 11.3 min in 2016 and 27.0 min in 2017; +138.2%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% 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)