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, 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. The overall trend was the same as last year. 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%)

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 Chiba, 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 a sq.m Land of Chiba, 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)1 year ago2 years ago
Chibaminato149,744 JPY (0.0Y/798.3sq.m)-276,190 JPY (0.0Y/210.0sq.m)
Chiba151,942 JPY (0.0Y/301.2sq.m)124,029 JPY (0.0Y/288.1sq.m)116,314 JPY (0.0Y/238.0sq.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

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

The average price of a sq.m Land of Chiba 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:

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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)