Chiba Monorail Line 2 railway market report

Chiba Monorail Line 2 Land market overview

The average price of a sq.m Land of Chiba Monorail Line 2 (Chiba to Chishirodai), in Apr, 2015 to Jun, 2015 was 181,774 JPY/sq.m. The market value represents an increase of 103,851 JPY (+133.3%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 14 (-56.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 271.8 sq.m (a -15.6% decrease compared to the 322.0 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. Market value of most stations decreased. Tsuga station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Chiba station, where prices have increased +179.1% compared to last year; a sq.m unit now costs 222,134 JPY/sq.m.

The top 1 stations has seen prices increase +179.1% (+142,545 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +16.2% (+11,953 JPY/sq.m).


Breakdown of each segment

The table below shows Land dealt in Chiba Monorail Line 2, 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 222,134 JPY/sq.m. The market value represents an increase of 142,545 JPY (+179.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 5 (-38.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tsuga, the lowest market value along this railway was 85,714 JPY/sq.m. The market value represents an increase of 11,953 JPY (+16.2%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

Chiba Monorail Line 2 (Stations Land market overview)
Chiba Monorail Line 2This year(2015)1 year ago2 years ago
Chiba222,134 JPY (0.0Y/202.5sq.m)79,589 JPY (0.0Y/379.2sq.m)68,199 JPY (0.0Y/142.4sq.m)
Chibakouenn---
Supo-Tsusennta----
Doubutsukouenn-27,777 JPY (0.0Y/180.0sq.m)-
Mitsuwadai--62,500 JPY (0.0Y/240.0sq.m)
Tsuga85,714 JPY (0.0Y/210.0sq.m)73,761 JPY (0.0Y/310.0sq.m)73,603 JPY (0.0Y/629.5sq.m)
Sakuragi-115,384 JPY (0.0Y/130.0sq.m)-
Oguradai--27,515 JPY (0.0Y/803.3sq.m)
Chishirodaikita-90,909 JPY (0.0Y/165.0sq.m)65,384 JPY (0.0Y/185.0sq.m)
Chishirodai---

*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

Chiba222,134 JPY/sq.m (+179% compared with the previous year)

The average price of a sq.m Land of Chiba was 222,134 JPY/sq.m. The market value represents an increase of 142,545 JPY (+179.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 5 (-38.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 202.5 sq.m (a -46.6% decrease compared to the 379.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.5 min in 2014 and 32.8 min in 2015; -24.6%)

Tsuga85,714 JPY/sq.m (+16% compared with the previous year)

The average price of a sq.m Land of Tsuga was 85,714 JPY/sq.m. The market value represents an increase of 11,953 JPY (+16.2%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 7 (-87.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.0 sq.m (a -32.3% decrease compared to the 310.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 21.8 min in 2014 and 19.0 min in 2015; -12.6%)

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)