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 Oct, 2015 to Dec, 2015 was 125,069 JPY/sq.m. The market value represents an increase of 23,496 JPY (+23.1%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 231.0 sq.m (a -53.8% decrease compared to the 499.5 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.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Chiba, Oguradai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsuga station, where prices have increased +148.7% compared to last year; a sq.m unit now costs 81,223 JPY/sq.m.

The top 1 stations has seen prices increase +148.7% (+48,560 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +21.9% (+29,314 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.8 min in 2014 and 20.7 min in 2015; -40.5%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 163,366 JPY/sq.m. The market value represents an increase of 29,314 JPY (+21.9%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 2 (-15.4%) compared to 1 year ago and a transition to a weak market.).

The average price of Tsuga Land, the lowest market value along this railway was 81,223 JPY/sq.m. The market value represents an increase of 48,560 JPY (+148.7%) compared to 1 year ago and a transition to a dramatic market. 7 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.)
Chiba163,366 JPYsq.m
(0.0193sq.m)
134,052 JPYsq.m
(0.0398sq.m)
156,482 JPYsq.m
(0.0234sq.m)
Chibakouenn---
Sakusabe---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai--103,448 JPYsq.m
(0.0145sq.m)
Tsuga81,223 JPYsq.m
(0.0306sq.m)
32,663 JPYsq.m
(0.0736sq.m)
72,469 JPYsq.m
(0.0276sq.m)
Sakuragi---
Oguradai88,000 JPYsq.m
(0.0210sq.m)
56,363 JPYsq.m
(0.0165sq.m)
-
Chishirodaikita84,848 JPYsq.m
(0.0165sq.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.

Noteworthy stations

Tsuga81,223 JPY/sq.m (+149% compared with the previous year)

The average price of Tsuga Land was 81,223 JPY/sq.m. The market value represents an increase of 48,560 JPY (+148.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 305.7 sq.m (a -58.5% decrease compared to the 736.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 24.0 min in 2014 and 14.9 min in 2015; -38.1%)

Chiba163,366 JPY/sq.m (+22% compared with the previous year)

The average price of Chiba Land was 163,366 JPY/sq.m. The market value represents an increase of 29,314 JPY (+21.9%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 2 (-15.4%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 193.2 sq.m (a -51.4% decrease compared to the 397.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 42.7 min in 2014 and 28.5 min in 2015; -33.3%)

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)