Chiba Monorail Line 2 railway market report

Chiba Monorail Line 2 Land market overview

The average price of Chiba Monorail Line 2 (Chiba to Chishirodai) Land, in Jan, 2015 to Mar, 2015 was 88,480 JPY/sq.m. The market value represents an increase of 15,652 JPY (+21.5%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 429.2 sq.m (a +45.2% increase compared to the 295.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

1 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Oguradai, Chishirodai station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Tsuga station, where prices have decreased -18.5% compared to last year; a sq.m unit now costs 66,020 JPY/sq.m.

The top 1 stations has seen prices increase +156.5% (+97,725 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -18.5% (-14,954 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 25.0 min in 2014 and 20.1 min in 2015; -19.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2014 and 7.7% of total transactions in 2015)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 160,172 JPY/sq.m. The market value represents an increase of 97,725 JPY (+156.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Oguradai Land, the lowest market value along this railway was 36,756 JPY/sq.m. The market value represents a decrease of 2,374 JPY (-6.1%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands (It was the same as last year.).

Chiba Monorail Line 2 (Stations Land market overview)
Chiba Monorail Line 2This year(2015)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba160,172 JPYsq.m
(0.0197sq.m)
62,447 JPYsq.m
(0.0363sq.m)
114,319 JPYsq.m
(0.0169sq.m)
Chibakouenn83,000 JPYsq.m
(0.0100sq.m)
--
Sakusabe---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai--111,148 JPYsq.m
(0.0782sq.m)
Tsuga66,020 JPYsq.m
(0.0481sq.m)
80,974 JPYsq.m
(0.0255sq.m)
51,613 JPYsq.m
(0.0432sq.m)
Sakuragi60,606 JPYsq.m
(0.0330sq.m)
--
Oguradai36,756 JPYsq.m
(0.0185sq.m)
39,130 JPYsq.m
(0.0230sq.m)
-
Chishirodaikita23,382 JPYsq.m
(0.01,350sq.m)
-66,666 JPYsq.m
(0.0165sq.m)
Chishirodai71,428 JPYsq.m
(0.0210sq.m)
77,777 JPYsq.m
(0.0360sq.m)
71,843 JPYsq.m
(0.0468sq.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

Chiba160,172 JPY/sq.m (+156% compared with the previous year)

The average price of Chiba Land was 160,172 JPY/sq.m. The market value represents an increase of 97,725 JPY (+156.5%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 197.1 sq.m (a -45.7% decrease compared to the 363.3 sq.m of last year.).

Tsuga66,020 JPY/sq.m (-18% compared with the previous year)

The average price of Tsuga Land was 66,020 JPY/sq.m. The market value represents a decrease of 14,954 JPY (-18.5%) compared to 1 year ago and a transition to a weak market. 13 properties exchanged hands ( The market value represents a decrease of 2 (-13.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 481.2 sq.m (a +88.7% increase compared to the 255.0 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)