Chibakouenn Land average value

Price 184,671 JPY/sq.m
- Dist. from Sta. 3.8 min walk
- Property area 202 sq.m

The average price of Chiba Urban Monorail Chiba Monorail Line 2 Chibakouenn Land, in 2019 was 209,375 JPY/sq.m. The market value represents a decrease of 22,333 JPY (-9.6%) compared to 1 year ago and a transition to a bear market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 4.7 min in 2018 and 4.0 min in 2019; -14.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2018 and 100.0% of total transactions in 2019)
Data regarding the market value and its changes of Land in Chibakouenn were calculated using data on the sales of 18 properties provided by the MLIT Japan.

Chibakouenn Land transaction price list

areaTrading PriceUnit PriceStationDistance from the station
椿森8,000,000JPY94,117 JPY/sq.mChibakouenn4 min
椿森26,000,000JPY136,842 JPY/sq.mChibakouenn4 min
弁天17,000,000JPY261,538 JPY/sq.mChibakouenn4 min
椿森19,000,000JPY135,714 JPY/sq.mChibakouenn4 min
椿森8,300,000JPY83,000 JPY/sq.mChibakouenn4 min
椿森27,000,000JPY200,000 JPY/sq.mChibakouenn4 min
椿森140,000,000JPY218,750 JPY/sq.mChibakouenn4 min
Note! This area does not have enough purchase history data accumulated to calculate a correct market value. As a result, please be advised that the calculated market value you see may differ greatly from the actual trading price.

Land value Distance From The Station transition

Market values (unit price: sq.m, ㎡) in terms of Distance From The Station, is as follow.

The orange line means market values (unit price: sq.m) for Land in terms of Distance From The Station. 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 Distance From The Station is updated.)
Color:
Unit:   Touch:



Land value Distance From The Station transition. Market values in terms of Distance From The Station.

Land value Distance From The Station 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 Chibakouenn Land market value

We can calculate market values for Land 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 Chibakouenn Land 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 Land sales data, with similarly entered ages, area, and distances from station are as follows.

1. Chiba Chiba-Shi Chuo-Ku 椿森 (Chiba-Shi Chibakouenn 4.0 min walk)
, Area: 140 sq.m , Total floor area: sq.m
- Trading date: 2007-09-01 00:00:00

Trading price:   19,000,000 JPY,    Unit price:   135,714 JPY/sq.m

2. Chiba Chiba-Shi Chuo-Ku 椿森 (Chiba-Shi Chibakouenn 4.0 min walk)
, Area: 100 sq.m , Total floor area: sq.m
- Trading date: 2015-03-01 00:00:00

Trading price:   8,300,000 JPY,    Unit price:   83,000 JPY/sq.m

3. Chiba Chiba-Shi Chuo-Ku 椿森 (Chiba-Shi Chibakouenn 4.0 min walk)
, Area: 135 sq.m , Total floor area: sq.m
- Trading date: 2019-06-01 00:00:00

Trading price:   27,000,000 JPY,    Unit price:   200,000 JPY/sq.m

4. Chiba Chiba-Shi Chuo-Ku 椿森 (Chiba-Shi Chibakouenn 3.0 min walk)
, Area: 115 sq.m , Total floor area: sq.m
- Trading date: 2010-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   173,913 JPY/sq.m

5. Chiba Chiba-Shi Chuo-Ku 椿森 (Chiba-Shi Chibakouenn 3.0 min walk)
, Area: 135 sq.m , Total floor area: sq.m
- Trading date: 2007-06-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   133,333 JPY/sq.m

6. Chiba Chiba-Shi Chuo-Ku 椿森 (Chiba-Shi Chibakouenn 3.0 min walk)
, Area: 120 sq.m , Total floor area: sq.m
- Trading date: 2007-09-01 00:00:00

Trading price:   27,000,000 JPY,    Unit price:   225,000 JPY/sq.m

7. Chiba Chiba-Shi Chuo-Ku 椿森 (Chiba-Shi Chibakouenn 3.0 min walk)
, Area: 125 sq.m , Total floor area: sq.m
- Trading date: 2016-06-01 00:00:00

Trading price:   35,000,000 JPY,    Unit price:   280,000 JPY/sq.m

8. Chiba Chiba-Shi Chuo-Ku 椿森 (Chiba-Shi Chibakouenn 3.0 min walk)
, Area: 140 sq.m , Total floor area: sq.m
- Trading date: 2018-12-01 00:00:00

Trading price:   32,000,000 JPY,    Unit price:   228,571 JPY/sq.m

9. Chiba Chiba-Shi Chuo-Ku 弁天 (Chiba-Shi Chibakouenn 5.0 min walk)
, Area: 115 sq.m , Total floor area: sq.m
- Trading date: 2018-06-01 00:00:00

Trading price:   28,000,000 JPY,    Unit price:   243,478 JPY/sq.m

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Land market value trends

Market value trends for Land are as follows.

Data:
Unit:   Touch:



Land market value trends Market value trends for Land.

Land market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average distance from the station (representing 4.7 min in 2018 and 4.0 min in 2019; -14.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2018 and 100.0% of total transactions in 2019)
The table below shows Land dealt in Chiba Urban Monorail Chiba Monorail Line 2 Chibakouenn, 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 Chibakouenn

The closest areas in terms of Land 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 Monorail Line 2 Sakusabe (2) [Stations]31,000,000222,546 JPY/sq.m yrs6 min137 sq.m
Chiba Monorail Line 2 Doubutsukouenn (4) [Stations]12,500,00068,235 JPY/sq.m yrs7 min190 sq.m
Chiba Monorail Line 2 Chishirodaikita (40) [Stations]15,500,00066,666 JPY/sq.m yrs6 min220 sq.m