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 Sep, 2017 was 340,035 JPY/sq.m. The market value represents a decrease of 52,296 JPY (-13.3%) compared to 1 year ago and a transition to a weak market. 35 properties exchanged hands ( The market value represents a decrease of 30 (-46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 16.8 years old (a -26.7% decrease compared to the 22.9 years old of last year.). The average size of the real estate was 201.7 sq.m (a +22.9% increase compared to the 164.2 sq.m of last year.). The average total floor space of the real estate was 170.0 sq.m (a +35.7% increase compared to the 125.2 sq.m of last year.).

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

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 10% compared to last year. The most dramatic price increase was at Mutsuura station, where prices have increased +12.0% compared to last year; a sq.m unit now costs 303,829 JPY/sq.m.

The top 1 stations has seen prices increase +12.0% (+32,640 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -18.7% (-83,357 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.9 years old in 2016 and 16.8 years old in 2017; -26.7%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 28.1% of total transactions in 2016 and 48.6% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 43.8% of total transactions in 2016 and 28.6% 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 7.7% of total transactions in 2016 and 5.7% 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 363,368 JPY/sq.m. The market value represents a decrease of 83,357 JPY (-18.7%) compared to 1 year ago and a transition to a weak market. 18 properties exchanged hands ( The market value represents a decrease of 17 (-48.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Mutsuura, the lowest market value along this railway was 303,829 JPY/sq.m. The market value represents an increase of 32,640 JPY (+12.0%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents a decrease of 7 (-41.2%) 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
Kanazawabunnko363,368 JPY (15.3Y/196.7sq.m)446,725 JPY (23.4Y/175.3sq.m)338,321 JPY (21.1Y/255.9sq.m)
Kanazawahakkei351,239 JPY (21.6Y/349.2sq.m)423,125 JPY (21.0Y/125.5sq.m)369,304 JPY (5.3Y/105.6sq.m)
Mutsuura303,829 JPY (14.2Y/125.0sq.m)271,189 JPY (21.9Y/175.6sq.m)277,279 JPY (17.9Y/141.5sq.m)
Jinnmuji226,086 JPY (42.0Y/175.0sq.m)-287,105 JPY (11.7Y/128.3sq.m)
Shinnzushi-300,769 JPY (33.9Y/85.0sq.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

Mutsuura303,829 JPY/sq.m (+12% compared with the previous year)

The average price of a sq.m Home of Mutsuura was 303,829 JPY/sq.m. The market value represents an increase of 32,640 JPY (+12.0%) compared to 1 year ago and a transition to a bull market. 10 properties exchanged hands ( The market value represents a decrease of 7 (-41.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.2 years old (a -35.3% decrease compared to the 21.9 years old of last year.). The average size of the real estate was 125.0 sq.m (a -28.8% decrease compared to the 175.6 sq.m of last year.). The average total floor space of the real estate was 114.0 sq.m (a -24.0% decrease compared to the 150.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 21.9 years old in 2016 and 14.2 years old in 2017; -35.3%)
  • An decrease in average distance from the station (representing 10.1 min in 2016 and 8.4 min in 2017; -17.0%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 29.4% of total transactions in 2016 and 60.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 47.1% of total transactions in 2016 and 30.0% of total transactions in 2017)

Kanazawabunnko363,368 JPY/sq.m (-19% compared with the previous year)

The average price of a sq.m Home of Kanazawabunnko was 363,368 JPY/sq.m. The market value represents a decrease of 83,357 JPY (-18.7%) compared to 1 year ago and a transition to a weak market. 18 properties exchanged hands ( The market value represents a decrease of 17 (-48.6%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 15.3 years old (a -34.5% decrease compared to the 23.4 years old of last year.). The average size of the real estate was 196.7 sq.m (a +12.2% increase compared to the 175.3 sq.m of last year.). The average total floor space of the real estate was 128.3 sq.m (a +1.6% increase compared to the 126.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.4 years old in 2016 and 15.3 years old in 2017; -34.5%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 25.7% of total transactions in 2016 and 50.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 48.6% 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)