Chiba Monorail Line 1 railway market report

Chiba Monorail Line 1 Land market overview

The average price of a sq.m Land of Chiba Monorail Line 1 (Chibaminato to Chiba), in Jan, 2016 to Dec, 2016 was 119,710 JPY/sq.m. The market value represents a decrease of 35,592 JPY (-22.9%) compared to 1 year ago and a transition to a dramatic market. 57 properties exchanged hands ( The market value represents an increase of 18 (+46.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 241.1 sq.m (a +14.1% increase compared to the 211.3 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. The overall trend was the same as last year.

The top 1 stations has seen prices increase +117.1% (+148,980 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -25.8% (-40,506 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.8 min in 2015 and 39.9 min in 2016; +29.5%)

Breakdown of each segment

The table below shows Land dealt in Chiba Monorail Line 1, 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Chibaminato, the highest market value along this railway was 276,190 JPY/sq.m. The market value represents an increase of 148,980 JPY (+117.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Chiba, the lowest market value along this railway was 116,314 JPY/sq.m. The market value represents a decrease of 40,506 JPY (-25.8%) compared to 1 year ago and a transition to a dramatic market. 55 properties exchanged hands ( The market value represents an increase of 18 (+48.6%) 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)1 year ago2 years ago
Chibaminato276,190 JPY (0.0Y/210.0sq.m)127,210 JPY (0.0Y/440.0sq.m)163,636 JPY (0.0Y/1055.0sq.m)
Chiba116,314 JPY (0.0Y/238.0sq.m)156,820 JPY (0.0Y/198.9sq.m)106,278 JPY (0.0Y/380.5sq.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.

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Noteworthy stations

Chibaminato276,190 JPY/sq.m (+117% compared with the previous year)

The average price of a sq.m Land of Chibaminato was 276,190 JPY/sq.m. The market value represents an increase of 148,980 JPY (+117.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -52.3% decrease compared to the 440.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2015 and 18.0 min in 2016; +63.6%)

Chiba116,314 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Chiba was 116,314 JPY/sq.m. The market value represents a decrease of 40,506 JPY (-25.8%) compared to 1 year ago and a transition to a dramatic market. 55 properties exchanged hands ( The market value represents an increase of 18 (+48.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 238.0 sq.m (a +19.6% increase compared to the 198.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 31.9 min in 2015 and 41.0 min in 2016; +28.6%)

Breakdown of each segment

Station:   Segment:

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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)