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, 2019 to Mar, 2019 was 162,538 JPY/sq.m. The market value represents an increase of 43,088 JPY (+36.1%) 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 295.0 sq.m (a -15.3% decrease compared to the 348.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was toward increased prices. 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 +40.9% compared to last year; a sq.m unit now costs 159,800 JPY/sq.m.

The top 1 stations has seen prices increase +40.9% (+46,353 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +16.5% (+29,604 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.5 min in 2018 and 44.3 min in 2019; +45.4%)

Land stations market overview

The average price of Chibaminato Land, the highest market value along this railway was 209,091 JPY/sq.m. The market value represents an increase of 29,604 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average price of Chiba Land, the lowest market value along this railway was 159,800 JPY/sq.m. The market value represents an increase of 46,353 JPY (+40.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 7 (+70.0%) 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(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chibaminato209,091 JPYsq.m
(0.01,100sq.m)
179,487 JPYsq.m
(0.0195sq.m)
-
Shiyakushomae---
Chiba159,800 JPYsq.m
(0.0248sq.m)
113,446 JPYsq.m
(0.0364sq.m)
111,896 JPYsq.m
(0.0392sq.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

Chiba159,800 JPY/sq.m (+41% compared with the previous year)

The average price of Chiba Land was 159,800 JPY/sq.m. The market value represents an increase of 46,353 JPY (+40.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 7 (+70.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 247.6 sq.m (a -31.9% decrease compared to the 363.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 32.1 min in 2018 and 46.5 min in 2019; +44.8%)

Chibaminato209,091 JPY/sq.m (+16% compared with the previous year)

The average price of Chibaminato Land was 209,091 JPY/sq.m. The market value represents an increase of 29,604 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1100.0 sq.m (a +464.1% increase compared to the 195.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2018 and 7.0 min in 2019; -50.0%)

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)