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 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)

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 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 a sq.m Land of Chishirodaikita, 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)1 year ago2 years ago
Chiba156,820 JPY (0.0Y/198.9sq.m)106,278 JPY (0.0Y/380.5sq.m)106,782 JPY (0.0Y/206.2sq.m)
Chibakouenn83,000 JPY (0.0Y/100.0sq.m)--
Supo-Tsusennta----
Doubutsukouenn-27,777 JPY (0.0Y/180.0sq.m)-
Mitsuwadai--98,735 JPY (0.0Y/442.9sq.m)
Tsuga72,507 JPY (0.0Y/356.7sq.m)69,590 JPY (0.0Y/378.4sq.m)70,173 JPY (0.0Y/401.7sq.m)
Sakuragi60,606 JPY (0.0Y/330.0sq.m)115,384 JPY (0.0Y/130.0sq.m)-
Oguradai69,439 JPY (0.0Y/201.2sq.m)47,746 JPY (0.0Y/197.5sq.m)27,515 JPY (0.0Y/803.3sq.m)
Chishirodaikita43,871 JPY (0.0Y/955.0sq.m)90,909 JPY (0.0Y/165.0sq.m)65,933 JPY (0.0Y/176.4sq.m)
Chishirodai71,428 JPY (0.0Y/210.0sq.m)74,602 JPY (0.0Y/285.0sq.m)71,843 JPY (0.0Y/468.3sq.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.

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Noteworthy stations

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

The average price of a sq.m Land of Chiba 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 a sq.m Land of Oguradai 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 a sq.m Land of Chishirodaikita 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 a sq.m Land of Sakuragi 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:

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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)