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 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%)

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 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 a sq.m Land of Tsuga, 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)1 year ago2 years ago
Chiba163,366 JPY (0.0Y/193.2sq.m)134,052 JPY (0.0Y/397.7sq.m)156,482 JPY (0.0Y/233.8sq.m)
Chibakouenn---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai--103,448 JPY (0.0Y/145.0sq.m)
Tsuga81,223 JPY (0.0Y/305.7sq.m)32,663 JPY (0.0Y/736.4sq.m)72,469 JPY (0.0Y/276.4sq.m)
Sakuragi---
Oguradai88,000 JPY (0.0Y/210.0sq.m)56,363 JPY (0.0Y/165.0sq.m)-
Chishirodaikita84,848 JPY (0.0Y/165.0sq.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

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

The average price of a sq.m Land of Tsuga 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 a sq.m Land of Chiba 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:

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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)