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 Dec, 2015 was 110,944 JPY/sq.m. The market value represents an increase of 22,459 JPY (+25.4%) compared to 1 year ago and a transition to a dramatic market. 79 properties exchanged hands ( The market value represents a decrease of 16 (-16.8%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 294.6 sq.m (a -19.2% decrease compared to the 364.5 sq.m of last year.).

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

3 stations have experienced increased prices; 3 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 Chiba station, where prices have increased +47.6% compared to last year; a sq.m unit now costs 156,820 JPY/sq.m.

The top 2 stations has seen prices increase +46.5% (+36,117 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.6% (-50,908 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 28.8 min in 2014 and 24.3 min in 2015; -15.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 1.1% of total transactions in 2014 and 3.8% of total transactions in 2015)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 156,820 JPY/sq.m. The market value represents an increase of 50,542 JPY (+47.6%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents a decrease of 12 (-24.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Chishirodaikita Land, the lowest market value along this railway was 43,871 JPY/sq.m. The market value represents a decrease of 47,038 JPY (-51.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba156,820 JPYsq.m
(0.0199sq.m)
106,278 JPYsq.m
(0.0381sq.m)
106,782 JPYsq.m
(0.0206sq.m)
Chibakouenn83,000 JPYsq.m
(0.0100sq.m)
--
Sakusabe---
Supo-Tsusennta----
Doubutsukouenn-27,777 JPYsq.m
(0.0180sq.m)
-
Mitsuwadai--98,735 JPYsq.m
(0.0443sq.m)
Tsuga72,507 JPYsq.m
(0.0357sq.m)
69,590 JPYsq.m
(0.0378sq.m)
70,173 JPYsq.m
(0.0402sq.m)
Sakuragi60,606 JPYsq.m
(0.0330sq.m)
115,384 JPYsq.m
(0.0130sq.m)
-
Oguradai69,439 JPYsq.m
(0.0201sq.m)
47,746 JPYsq.m
(0.0198sq.m)
27,515 JPYsq.m
(0.0803sq.m)
Chishirodaikita43,871 JPYsq.m
(0.0955sq.m)
90,909 JPYsq.m
(0.0165sq.m)
65,933 JPYsq.m
(0.0176sq.m)
Chishirodai71,428 JPYsq.m
(0.0210sq.m)
74,602 JPYsq.m
(0.0285sq.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

Chiba156,820 JPY/sq.m (+48% compared with the previous year)

The average price of Chiba Land was 156,820 JPY/sq.m. The market value represents an increase of 50,542 JPY (+47.6%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents a decrease of 12 (-24.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 198.9 sq.m (a -47.7% decrease compared to the 380.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 36.8 min in 2014 and 31.9 min in 2015; -13.3%)

Oguradai69,439 JPY/sq.m (+45% compared with the previous year)

The average price of Oguradai Land was 69,439 JPY/sq.m. The market value represents an increase of 21,692 JPY (+45.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 201.2 sq.m (a +1.9% increase compared to the 197.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.5 min in 2014 and 7.2 min in 2015; +61.1%)

Chishirodaikita43,871 JPY/sq.m (-52% compared with the previous year)

The average price of Chishirodaikita Land was 43,871 JPY/sq.m. The market value represents a decrease of 47,038 JPY (-51.7%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 955.0 sq.m (a +478.8% increase compared to the 165.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2014 and 7.3 min in 2015; +22.2%)

Sakuragi60,606 JPY/sq.m (-47% compared with the previous year)

The average price of Sakuragi Land was 60,606 JPY/sq.m. The market value represents a decrease of 54,778 JPY (-47.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 330.0 sq.m (a +153.8% increase compared to the 130.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 9.0 min in 2014 and 8.0 min in 2015; -11.1%)

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)