Chiba Monorail Line 1 railway market report

Chiba Monorail Line 1 Land market overview

The average price of Chiba Monorail Line 1 (Chibaminato to Chiba) Land, in Jan, 2015 to Dec, 2015 was 155,302 JPY/sq.m. The market value represents an increase of 47,803 JPY (+44.5%) compared to 1 year ago and a transition to a dramatic market. 39 properties exchanged hands ( The market value represents a decrease of 12 (-23.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 211.3 sq.m (a -48.1% decrease compared to the 407.0 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Chiba station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chiba station, where prices have increased +47.6% compared to last year; a sq.m unit now costs 156,820 JPY/sq.m.

The top 1 stations has seen prices increase +47.6% (+50,542 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.3% (-36,426 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 36.0 min in 2014 and 30.8 min in 2015; -14.5%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 156,820 JPY/sq.m. The market value represents an increase of 50,542 JPY (+47.6%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents a decrease of 12 (-24.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Chibaminato Land, the lowest market value along this railway was 127,210 JPY/sq.m. The market value represents a decrease of 36,426 JPY (-22.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

Chiba Monorail Line 1 (Stations Land market overview)
Chiba Monorail Line 1This year(2015)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chibaminato127,210 JPYsq.m
(0.0440sq.m)
163,636 JPYsq.m
(0.01,055sq.m)
138,813 JPYsq.m
(0.0355sq.m)
Shiyakushomae---
Chiba156,820 JPYsq.m
(0.0199sq.m)
106,278 JPYsq.m
(0.0381sq.m)
106,782 JPYsq.m
(0.0206sq.m)

*Average unit prices per sq.m of Land 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.

Noteworthy stations

Chiba156,820 JPY/sq.m (+48% compared with the previous year)

The average price of Chiba Land was 156,820 JPY/sq.m. The market value represents an increase of 50,542 JPY (+47.6%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents a decrease of 12 (-24.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 198.9 sq.m (a -47.7% decrease compared to the 380.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 36.8 min in 2014 and 31.9 min in 2015; -13.3%)

Chibaminato127,210 JPY/sq.m (-22% compared with the previous year)

The average price of Chibaminato Land was 127,210 JPY/sq.m. The market value represents a decrease of 36,426 JPY (-22.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 440.0 sq.m (a -58.3% decrease compared to the 1055.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.5 min in 2014 and 11.0 min in 2015; -37.1%)

Breakdown of each segment

Station:   Segment:

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)