Chiba Monorail Line 2 Apartment average value

Price 246,231 JPY/sq.m
- Age 24.9 years old
- Dist. from Sta. 12.3 min walk
- Property area 65.2 sq.m

The average price of Chiba Urban Monorail Chiba Monorail Line 2 Apartment, in 2020 was 308,757 JPY/sq.m. The market value represents an increase of 58,239 JPY (+23.2%) compared to 1 year ago and a transition to a dramatic market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m, as well as a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 44.4% of total transactions in 2019 and 40.0% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.0% of total transactions in 2019 and 8.2% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 25.3 years old in 2019 and 28.0 years old in 2020; +10.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 23.8% of total transactions in 2019 and 28.9% of total transactions in 2020)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.9% of total transactions in 2019 and 22.4% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Chiba Monorail Line 2 were calculated using data on the sales of 1,065 properties provided by the MLIT Japan.

Chiba Monorail Line 2 Apartment market value list

StationsAverage Trading PriceAverage Unit Price#
Chiba23,034,454 JPY348,764 JPY/sq.m502 件
Chibakouenn16,000,000 JPY228,571 JPY/sq.m1 件
Sakusabe11,091,667 JPY154,941 JPY/sq.m24 件
Tenndai13,395,833 JPY195,489 JPY/sq.m24 件
Anagawa16,031,579 JPY226,744 JPY/sq.m38 件
Supo-Tsusennta-13,118,518 JPY185,786 JPY/sq.m54 件
Doubutsukouenn7,683,333 JPY142,515 JPY/sq.m6 件
Mitsuwadai6,375,862 JPY99,138 JPY/sq.m105 件
Tsuga11,442,857 JPY192,438 JPY/sq.m195 件
Sakuragi10,316,129 JPY154,049 JPY/sq.m31 件
Oguradai19,542,857 JPY245,276 JPY/sq.m35 件
Chishirodaikita11,380,000 JPY183,000 JPY/sq.m5 件
Chishirodai7,797,778 JPY117,952 JPY/sq.m45 件

Chiba Monorail Line 2 Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New528,399 JPY/sq.m100 %
Residual Value (10 Years)387,733 JPY/sq.m73 %
Residual Value (20 Years)274,739 JPY/sq.m52 %
Residual Value (20 Years)189,418 JPY/sq.m36 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Chiba Monorail Line 2 Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Chiba Monorail Line 2 Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Chiba Chiba-Shi Chuo-Ku 新宿 (Chiba-Shi Chiba 11.0 min walk)
23.8 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2020-12-01 00:00:00

Trading price:   28,000,000 JPY,    Unit price:   430,769 JPY/sq.m

2. Chiba Chiba-Shi Chuo-Ku 弁天 (Chiba-Shi Chiba 10.0 min walk)
24.0 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2012-03-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   253,333 JPY/sq.m

3. Chiba Chiba-Shi Wakaba-Ku 桜木 (Chiba-Shi Sakuragi 10.0 min walk)
23.5 years old , Area: 65.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-09-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   307,692 JPY/sq.m

4. Chiba Chiba-Shi Wakaba-Ku 桜木 (Chiba-Shi Sakuragi 10.0 min walk)
23.3 years old , Area: 75.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: SRC
- Trading date: 2019-06-01 00:00:00

Trading price:   8,200,000 JPY,    Unit price:   109,333 JPY/sq.m

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Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m, as well as a dramatic increase in transactions involving older buildings over 40 years old.

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 44.4% of total transactions in 2019 and 40.0% of total transactions in 2020)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.0% of total transactions in 2019 and 8.2% of total transactions in 2020)

Causes of price decreases

  • An increase in average age of the building (representing 25.3 years old in 2019 and 28.0 years old in 2020; +10.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 23.8% of total transactions in 2019 and 28.9% of total transactions in 2020)
  • A some decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 23.9% of total transactions in 2019 and 22.4% of total transactions in 2020)
The table below shows Apartment dealt in Chiba Urban Monorail Chiba Monorail Line 2, 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:

Area close to the price in Chiba Monorail Line 2

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Chiba Urban Monorail (1,527) [Stations]17,000,000253,333 JPY/sq.m22.4 yrs10 min70 sq.m
Chiba Monorail Line 2 Oguradai (35) [Stations]21,000,000262,500 JPY/sq.m22.8 yrs9 min80 sq.m
Chiba Monorail Line 1 Chibaminato (449) [Stations]22,000,000303,334 JPY/sq.m16.0 yrs9 min70 sq.m
Chiba Monorail Line 2 Tsuga (195) [Stations]11,000,000187,500 JPY/sq.m25.8 yrs15 min70 sq.m