Chiba Monorail Line 2 Land average value

Price 114,511 JPY/sq.m
- Dist. from Sta. 28.8 min walk
- Property area 305 sq.m

The average price of Chiba Urban Monorail Chiba Monorail Line 2 Land, in 2019 was 152,943 JPY/sq.m. The market value represents an increase of 32,071 JPY (+26.5%) 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 relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2018 and 9.1% of total transactions in 2019)
Data regarding the market value and its changes of Land in Chiba Monorail Line 2 were calculated using data on the sales of 1,819 properties provided by the MLIT Japan.

Chiba Monorail Line 2 Land market value list

StationsAverage Trading PriceAverage Unit Price#
Chiba43,658,734 JPY148,472 JPY/sq.m866 件
Chibakouenn38,850,000 JPY184,671 JPY/sq.m18 件
Sakusabe31,000,000 JPY222,546 JPY/sq.m2 件
Supo-Tsusennta-24,000,000 JPY77,122 JPY/sq.m5 件
Doubutsukouenn14,000,000 JPY60,179 JPY/sq.m4 件
Mitsuwadai23,800,000 JPY100,235 JPY/sq.m40 件
Tsuga53,160,620 JPY70,801 JPY/sq.m676 件
Sakuragi20,482,222 JPY83,257 JPY/sq.m45 件
Oguradai19,928,750 JPY68,222 JPY/sq.m80 件
Chishirodaikita20,162,500 JPY71,005 JPY/sq.m40 件
Chishirodai26,611,628 JPY79,130 JPY/sq.m43 件

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 Price:   {{infoObj.price|number:0}} JPY,    Unit Price:   {{infoObj.unit_price|number:0}} JPY/sq.m
{{infoObj.days_elapsed|days_year}} years old , Area: {{infoObj.dimension}} sq.m , Total floor area: {{infoObj.dimension_all}} sq.m , Layout: {{infoObj.floor_plan}} , Structure: {{infoObj.structure}}
- 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 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 Chiba Monorail Line 2 Land that meet the above conditions were calculated in the following manner.

{{currentObj|applyRegCalculatePrecise:averageObj:coefObj:true:true:unitType}}
({{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 道場南 (Chiba-Shi Chiba 24.0 min walk)
, Area: 175 sq.m , Total floor area: sq.m
- Trading date: 2007-12-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   80,000 JPY/sq.m

2. Chiba Chiba-Shi Chuo-Ku 道場南 (Chiba-Shi Chiba 23.0 min walk)
, Area: 165 sq.m , Total floor area: sq.m
- Trading date: 2011-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   72,727 JPY/sq.m

3. Chiba Chiba-Shi Wakaba-Ku 若松町 (Chiba-Shi Tsuga 24.0 min walk)
, Area: 175 sq.m , Total floor area: sq.m
- Trading date: 2011-12-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   74,285 JPY/sq.m

4. Chiba Chiba-Shi Wakaba-Ku みつわ台 (Chiba-Shi Tsuga 24.0 min walk)
, Area: 165 sq.m , Total floor area: sq.m
- Trading date: 2013-12-01 00:00:00

Trading price:   10,000,000 JPY,    Unit price:   60,606 JPY/sq.m

5. Chiba Chiba-Shi Wakaba-Ku 若松町 (Chiba-Shi Tsuga 24.0 min walk)
, Area: 180 sq.m , Total floor area: sq.m
- Trading date: 2012-09-01 00:00:00

Trading price:   15,000,000 JPY,    Unit price:   83,333 JPY/sq.m

6. Chiba Chiba-Shi Wakaba-Ku 小倉町 (Chiba-Shi Tsuga 23.0 min walk)
, Area: 175 sq.m , Total floor area: sq.m
- Trading date: 2007-09-01 00:00:00

Trading price:   11,000,000 JPY,    Unit price:   62,857 JPY/sq.m

7. Chiba Chiba-Shi Inage-Ku 長沼町 (Chiba-Shi Supo-Tsusennta- 24.0 min walk)
, Area: 180 sq.m , Total floor area: sq.m
- Trading date: 2017-03-01 00:00:00

Trading price:   16,000,000 JPY,    Unit price:   88,888 JPY/sq.m

8. Chiba Chiba-Shi Inage-Ku 長沼町 (Chiba-Shi Supo-Tsusennta- 24.0 min walk)
, Area: 170 sq.m , Total floor area: sq.m
- Trading date: 2016-12-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   100,000 JPY/sq.m

9. Chiba Chiba-Shi Wakaba-Ku 若松町 (Chiba-Shi Tsuga 23.0 min walk)
, Area: 165 sq.m , Total floor area: sq.m
- Trading date: 2017-12-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   103,030 JPY/sq.m

10. Chiba Chiba-Shi Chuo-Ku 亀井町 (Chiba-Shi Chiba 24.0 min walk)
, Area: 190 sq.m , Total floor area: sq.m
- Trading date: 2019-06-01 00:00:00

Trading price:   6,000,000 JPY,    Unit price:   31,579 JPY/sq.m

11. Chiba Chiba-Shi Wakaba-Ku 貝塚 (Chiba-Shi Tsuga 23.0 min walk)
, Area: 175 sq.m , Total floor area: sq.m
- Trading date: 2019-06-01 00:00:00

Trading price:   13,000,000 JPY,    Unit price:   74,286 JPY/sq.m

12. Chiba Chiba-Shi Chuo-Ku 道場南 (Chiba-Shi Chiba 25.0 min walk)
, Area: 175 sq.m , Total floor area: sq.m
- Trading date: 2011-12-01 00:00:00

Trading price:   12,000,000 JPY,    Unit price:   68,571 JPY/sq.m

13. Chiba Chiba-Shi Chuo-Ku 道場南 (Chiba-Shi Chiba 25.0 min walk)
, Area: 175 sq.m , Total floor area: sq.m
- Trading date: 2012-03-01 00:00:00

Trading price:   20,000,000 JPY,    Unit price:   114,285 JPY/sq.m

14. Chiba Chiba-Shi Wakaba-Ku 若松町 (Chiba-Shi Tsuga 25.0 min walk)
, Area: 165 sq.m , Total floor area: sq.m
- Trading date: 2018-03-01 00:00:00

Trading price:   18,000,000 JPY,    Unit price:   109,090 JPY/sq.m

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{{item.days_elapsed|days_year}} years old , Area: {{item.dimension}} sq.m , Total floor area: {{item.dimension_all}} sq.m , Layout: {{item.floor_plan}} , Structure: {{item.structure}}
- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

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

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 relatively large size more than 100 sq.m.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2018 and 9.1% of total transactions in 2019)
The table below shows Land 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 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 Urban Monorail Chiba Monorail Line 1 (905) [Stations]16,000,00087,636 JPY/sq.m yrs30 min195 sq.m
Chiba Monorail Line 1 Chiba (866) [Stations]15,500,00086,666 JPY/sq.m yrs30 min190 sq.m
Chiba Monorail Line 2 Chiba (866) [Stations]15,500,00086,666 JPY/sq.m yrs30 min190 sq.m
Chiba Urban Monorail (1,858) [Stations]15,000,00080,000 JPY/sq.m yrs23 min185 sq.m