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, 2016 to Mar, 2016 was 69,346 JPY/sq.m. The market value represents a decrease of 19,134 JPY (-21.6%) compared to 1 year ago and a transition to a dramatic market. 21 properties exchanged hands ( The market value represents a decrease of 5 (-19.2%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 218.1 sq.m (a -49.2% decrease compared to the 429.2 sq.m of last year.).

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

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Tsuga, Chishirodaikita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chishirodaikita station, where prices have increased +77.5% compared to last year; a sq.m unit now costs 41,509 JPY/sq.m.

The top 1 stations has seen prices increase +77.5% (+18,127 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -61.9% (-99,148 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2015 and 9.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.1 min in 2015 and 31.5 min in 2016; +56.5%)

Land stations market overview

The average price of Tsuga Land, the highest market value along this railway was 82,383 JPY/sq.m. The market value represents an increase of 16,363 JPY (+24.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 5 (-38.5%) 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 41,509 JPY/sq.m. The market value represents an increase of 18,127 JPY (+77.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease 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(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba61,024 JPYsq.m
(0.0190sq.m)
160,172 JPYsq.m
(0.0197sq.m)
62,447 JPYsq.m
(0.0363sq.m)
Chibakouenn-83,000 JPYsq.m
(0.0100sq.m)
-
Sakusabe---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai---
Tsuga82,383 JPYsq.m
(0.0237sq.m)
66,020 JPYsq.m
(0.0481sq.m)
80,974 JPYsq.m
(0.0255sq.m)
Sakuragi72,726 JPYsq.m
(0.0128sq.m)
60,606 JPYsq.m
(0.0330sq.m)
-
Oguradai-36,756 JPYsq.m
(0.0185sq.m)
39,130 JPYsq.m
(0.0230sq.m)
Chishirodaikita41,509 JPYsq.m
(0.0530sq.m)
23,382 JPYsq.m
(0.01,350sq.m)
-
Chishirodai-71,428 JPYsq.m
(0.0210sq.m)
77,777 JPYsq.m
(0.0360sq.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

Chishirodaikita41,509 JPY/sq.m (+78% compared with the previous year)

The average price of Chishirodaikita Land was 41,509 JPY/sq.m. The market value represents an increase of 18,127 JPY (+77.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 530.0 sq.m (a -60.7% decrease compared to the 1350.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2015 and 6.0 min in 2016; -25.0%)

Chiba61,024 JPY/sq.m (-62% compared with the previous year)

The average price of Chiba Land was 61,024 JPY/sq.m. The market value represents a decrease of 99,148 JPY (-61.9%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 3 (+42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 190.0 sq.m (a -3.6% decrease compared to the 197.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 30.6 min in 2015 and 43.8 min in 2016; +43.3%)

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)