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 Jul, 2018 to Sep, 2018 was 155,516 JPY/sq.m. The market value represents an increase of 91,380 JPY (+142.5%) compared to 1 year ago and a transition to a dramatic market. 18 properties exchanged hands ( The market value represents an increase of 7 (+63.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 185.6 sq.m (a -13.5% decrease compared to the 214.5 sq.m of last year.).

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

1 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +145.7% (+93,470 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +145.7% (+93,470 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.3 min in 2017 and 33.4 min in 2018; -22.7%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 157,605 JPY/sq.m. The market value represents an increase of 93,470 JPY (+145.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 6 (+54.5%) 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 157,605 JPY/sq.m. The market value represents an increase of 93,470 JPY (+145.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 6 (+54.5%) 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(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chibaminato120,000 JPYsq.m
(0.0200sq.m)
--
Shiyakushomae---
Chiba157,605 JPYsq.m
(0.0185sq.m)
64,136 JPYsq.m
(0.0215sq.m)
86,294 JPYsq.m
(0.0262sq.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

Chiba157,605 JPY/sq.m (+146% compared with the previous year)

The average price of Chiba Land was 157,605 JPY/sq.m. The market value represents an increase of 93,470 JPY (+145.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 6 (+54.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 184.7 sq.m (a -13.9% decrease compared to the 214.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.3 min in 2017 and 34.5 min in 2018; -20.2%)

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)