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 Jul, 2015 to Sep, 2015 was 86,462 JPY/sq.m. The market value represents a decrease of 21,344 JPY (-19.8%) compared to 1 year ago and a transition to a weak market. 21 properties exchanged hands ( The market value represents a decrease of 2 (-8.7%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 203.6 sq.m (a -44.3% decrease compared to the 365.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a some increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Tsuga station has seen a price increase of over 5% compared to last year. The most dramatic price increase was at Tsuga station, where prices have increased +8.6% compared to last year; a sq.m unit now costs 72,959 JPY/sq.m.

The top 1 stations has seen prices increase +8.6% (+5,805 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -25.8% (-34,981 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 25.6 min in 2014 and 29.8 min in 2015; +16.4%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 100,639 JPY/sq.m. The market value represents a decrease of 34,981 JPY (-25.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 3 (-21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Tsuga Land, the lowest market value along this railway was 72,959 JPY/sq.m. The market value represents an increase of 5,805 JPY (+8.6%) compared to 1 year ago and a transition to a strong market. 8 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.)
Chiba100,639 JPYsq.m
(0.0203sq.m)
135,620 JPYsq.m
(0.0377sq.m)
82,426 JPYsq.m
(0.0272sq.m)
Chibakouenn---
Sakusabe---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai--102,083 JPYsq.m
(0.0185sq.m)
Tsuga72,959 JPYsq.m
(0.0218sq.m)
67,154 JPYsq.m
(0.0365sq.m)
74,139 JPYsq.m
(0.0195sq.m)
Sakuragi---
Oguradai65,000 JPYsq.m
(0.0200sq.m)
--
Chishirodaikita--66,666 JPYsq.m
(0.0165sq.m)
Chishirodai-71,428 JPYsq.m
(0.0210sq.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

Tsuga72,959 JPY/sq.m (+9% compared with the previous year)

The average price of Tsuga Land was 72,959 JPY/sq.m. The market value represents an increase of 5,805 JPY (+8.6%) compared to 1 year ago and a transition to a strong market. 8 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 217.5 sq.m (a -40.4% decrease compared to the 365.0 sq.m of last year.).

Chiba100,639 JPY/sq.m (-26% compared with the previous year)

The average price of Chiba Land was 100,639 JPY/sq.m. The market value represents a decrease of 34,981 JPY (-25.8%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 3 (-21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 203.2 sq.m (a -46.1% decrease compared to the 376.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.2 min in 2014 and 35.5 min in 2015; +30.3%)

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)