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 Jan, 2018 to Dec, 2018 was 151,829 JPY/sq.m. The market value represents an increase of 27,800 JPY (+22.4%) compared to 1 year ago and a transition to a dramatic market. 40 properties exchanged hands ( The market value represents an increase of 6 (+17.6%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 338.5 sq.m (a +17.5% increase compared to the 288.1 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 20% compared to last year. The most dramatic price increase was at Chiba station, where prices have increased +22.5% compared to last year; a sq.m unit now costs 151,942 JPY/sq.m.

The top 1 stations has seen prices increase +22.5% (+27,913 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +22.5% (+27,913 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 37.9 min in 2017 and 33.3 min in 2018; -12.0%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 151,942 JPY/sq.m. The market value represents an increase of 27,913 JPY (+22.5%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents an increase of 3 (+8.8%) compared to 1 year ago and a transition to a strong market.).

The average price of Chiba Land, the lowest market value along this railway was 151,942 JPY/sq.m. The market value represents an increase of 27,913 JPY (+22.5%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents an increase of 3 (+8.8%) compared to 1 year ago and a transition to a strong 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.)
Chibaminato149,744 JPYsq.m
(0.0798sq.m)
-276,190 JPYsq.m
(0.0210sq.m)
Shiyakushomae---
Chiba151,942 JPYsq.m
(0.0301sq.m)
124,029 JPYsq.m
(0.0288sq.m)
116,314 JPYsq.m
(0.0238sq.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

Chiba151,942 JPY/sq.m (+23% compared with the previous year)

The average price of Chiba Land was 151,942 JPY/sq.m. The market value represents an increase of 27,913 JPY (+22.5%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents an increase of 3 (+8.8%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 301.2 sq.m (a +4.6% increase compared to the 288.1 sq.m of last year.).


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)