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 141,891 JPY/sq.m. The market value represents an increase of 30,172 JPY (+27.0%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 5 (+27.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 178.3 sq.m (a -39.6% decrease compared to the 295.0 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. 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 +27.9% compared to last year; a sq.m unit now costs 142,886 JPY/sq.m.

The top 1 stations has seen prices increase +27.9% (+31,167 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +27.9% (+31,167 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 38.3 min in 2017 and 31.7 min in 2018; -17.1%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 142,886 JPY/sq.m. The market value represents an increase of 31,167 JPY (+27.9%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents an increase of 4 (+22.2%) 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 142,886 JPY/sq.m. The market value represents an increase of 31,167 JPY (+27.9%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents an increase of 4 (+22.2%) 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---
Chiba142,886 JPYsq.m
(0.0177sq.m)
111,718 JPYsq.m
(0.0295sq.m)
104,628 JPYsq.m
(0.0240sq.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

Chiba142,886 JPY/sq.m (+28% compared with the previous year)

The average price of Chiba Land was 142,886 JPY/sq.m. The market value represents an increase of 31,167 JPY (+27.9%) compared to 1 year ago and a transition to a dramatic market. 22 properties exchanged hands ( The market value represents an increase of 4 (+22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 177.3 sq.m (a -39.9% decrease compared to the 295.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 38.3 min in 2017 and 32.5 min in 2018; -15.1%)

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)