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 Oct, 2016 to Dec, 2016 was 130,084 JPY/sq.m. The market value represents a decrease of 29,537 JPY (-18.5%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents an increase of 9 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 215.5 sq.m (a +3.2% increase compared to the 208.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +133.2% (+157,769 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -24.8% (-40,588 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.2 min in 2015 and 35.5 min in 2016; +30.8%)

Land stations market overview

The average price of Chibaminato Land, the highest market value along this railway was 276,190 JPY/sq.m. The market value represents an increase of 157,769 JPY (+133.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of Chiba Land, the lowest market value along this railway was 122,779 JPY/sq.m. The market value represents a decrease of 40,588 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 9 (+81.8%) compared to 1 year ago and a transition to a dramatic market.).

Chiba Monorail Line 1 (Stations Land market overview)
Chiba Monorail Line 1This year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chibaminato276,190 JPYsq.m
(0.0210sq.m)
118,421 JPYsq.m
(0.0380sq.m)
-
Shiyakushomae---
Chiba122,779 JPYsq.m
(0.0216sq.m)
163,366 JPYsq.m
(0.0193sq.m)
134,052 JPYsq.m
(0.0398sq.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

Chibaminato276,190 JPY/sq.m (+133% compared with the previous year)

The average price of Chibaminato Land was 276,190 JPY/sq.m. The market value represents an increase of 157,769 JPY (+133.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 210.0 sq.m (a -44.7% decrease compared to the 380.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.0 min in 2015 and 18.0 min in 2016; +38.5%)

Chiba122,779 JPY/sq.m (-25% compared with the previous year)

The average price of Chiba Land was 122,779 JPY/sq.m. The market value represents a decrease of 40,588 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 9 (+81.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 215.8 sq.m (a +11.7% increase compared to the 193.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 28.5 min in 2015 and 36.4 min in 2016; +27.9%)

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)