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, 2017 to Dec, 2017 was 145,358 JPY/sq.m. The market value represents an increase of 15,273 JPY (+11.7%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 12 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 266.1 sq.m (a +23.5% increase compared to the 215.5 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Chiba station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Chiba station, where prices have increased +18.4% compared to last year; a sq.m unit now costs 145,358 JPY/sq.m.

The top 1 stations has seen prices increase +18.4% (+22,579 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +18.4% (+22,579 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 35.5 min in 2016 and 21.3 min in 2017; -39.9%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 145,358 JPY/sq.m. The market value represents an increase of 22,579 JPY (+18.4%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 11 (-55.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Chiba Land, the lowest market value along this railway was 145,358 JPY/sq.m. The market value represents an increase of 22,579 JPY (+18.4%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 11 (-55.0%) 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(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chibaminato-276,190 JPYsq.m
(0.0210sq.m)
118,421 JPYsq.m
(0.0380sq.m)
Shiyakushomae---
Chiba145,358 JPYsq.m
(0.0266sq.m)
122,779 JPYsq.m
(0.0216sq.m)
163,366 JPYsq.m
(0.0193sq.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

Chiba145,358 JPY/sq.m (+18% compared with the previous year)

The average price of Chiba Land was 145,358 JPY/sq.m. The market value represents an increase of 22,579 JPY (+18.4%) compared to 1 year ago and a transition to a bull market. 9 properties exchanged hands ( The market value represents a decrease of 11 (-55.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 266.1 sq.m (a +23.3% increase compared to the 215.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 36.4 min in 2016 and 21.3 min in 2017; -41.4%)

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)