Keikyu Zushi Line Kanagawa 2017-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, 2017 to Dec, 2017 was 326,632 JPY/sq.m. The market value represents a decrease of 50,216 JPY (-13.3%) compared to 1 year ago and a transition to a weak market. 54 properties exchanged hands ( The market value represents a decrease of 40 (-42.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.9 years old (a -20.6% decrease compared to the 21.3 years old of last year.). The average size of the real estate was 183.9 sq.m (a -0.9% decrease compared to the 185.5 sq.m of last year.). The average total floor space of the real estate was 156.7 sq.m (a +25.3% increase compared to the 125.1 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 nearly new buildings under 3 years old.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Shinnzushi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shinnzushi station, where prices have increased +42.8% compared to last year; a sq.m unit now costs 429,629 JPY/sq.m.

The top 1 stations has seen prices increase +42.8% (+128,860 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -19.7% (-69,323 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.3 years old in 2016 and 16.9 years old in 2017; -20.6%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 32.6% of total transactions in 2016 and 44.4% of total transactions in 2017)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 39.1% of total transactions in 2016 and 31.5% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 10.6% of total transactions in 2016 and 5.6% 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 Shinnzushi, the highest market value along this railway was 429,629 JPY/sq.m. The market value represents an increase of 128,860 JPY (+42.8%) 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 Jinnmuji, the lowest market value along this railway was 282,016 JPY/sq.m. The market value represents a decrease of 69,323 JPY (-19.7%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands (It was the same as last year.).

Keikyu Zushi Line (Stations Home market overview)
Keikyu Zushi LineThis year(2017)1 year ago2 years ago
Kanazawabunnko346,304 JPY (15.8Y/184.4sq.m)414,094 JPY (22.6Y/179.7sq.m)338,321 JPY (21.1Y/255.9sq.m)
Kanazawahakkei370,434 JPY (16.4Y/293.1sq.m)393,097 JPY (20.3Y/133.0sq.m)369,304 JPY (5.3Y/105.6sq.m)
Mutsuura285,082 JPY (16.6Y/139.7sq.m)283,900 JPY (19.3Y/171.4sq.m)277,279 JPY (17.9Y/141.5sq.m)
Jinnmuji282,016 JPY (21.9Y/160.0sq.m)351,339 JPY (9.4Y/110.0sq.m)287,105 JPY (11.7Y/128.3sq.m)
Shinnzushi429,629 JPY (39.8Y/165.0sq.m)300,769 JPY (33.9Y/723.3sq.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

Shinnzushi429,629 JPY/sq.m (+43% compared with the previous year)

The average price of a sq.m Home of Shinnzushi was 429,629 JPY/sq.m. The market value represents an increase of 128,860 JPY (+42.8%) 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 age of the real estate was 39.8 years old (a +17.3% increase compared to the 33.9 years old of last year.). The average size of the real estate was 165.0 sq.m (a -77.2% decrease compared to the 723.3 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a +63.6% increase compared to the 82.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 4.0 min in 2016 and 2.0 min in 2017; -50.0%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 66.7% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 33.9 years old in 2016 and 39.8 years old in 2017; +17.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Jinnmuji282,016 JPY/sq.m (-20% compared with the previous year)

The average price of a sq.m Home of Jinnmuji was 282,016 JPY/sq.m. The market value represents a decrease of 69,323 JPY (-19.7%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 21.9 years old (a +131.8% increase compared to the 9.4 years old of last year.). The average size of the real estate was 160.0 sq.m (a +45.5% increase compared to the 110.0 sq.m of last year.). The average total floor space of the real estate was 118.3 sq.m (a +39.2% increase compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.4 years old in 2016 and 21.9 years old in 2017; +131.8%)
  • A dramatic increase in average distance from the station (representing 5.0 min in 2016 and 11.0 min in 2017; +120.0%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2016 and 33.3% 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)