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 Apr, 2016 to Jun, 2016 was 124,117 JPY/sq.m. The market value represents a decrease of 57,657 JPY (-31.7%) compared to 1 year ago and a transition to a dramatic market. 31 properties exchanged hands ( The market value represents an increase of 20 (+181.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 253.7 sq.m (a -6.7% decrease compared to the 271.8 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.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -30.1% (-66,776 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -41.2% (-35,357 JPY/sq.m).


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 155,358 JPY/sq.m. The market value represents a decrease of 66,776 JPY (-30.1%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 9 (+112.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Tsuga, the lowest market value along this railway was 50,357 JPY/sq.m. The market value represents a decrease of 35,357 JPY (-41.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) 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)1 year ago2 years ago
Chiba155,358 JPY (0.0Y/281.2sq.m)222,134 JPY (0.0Y/202.5sq.m)79,589 JPY (0.0Y/379.2sq.m)
Chibakouenn197,142 JPY (0.0Y/307.5sq.m)--
Supo-Tsusennta----
Doubutsukouenn--27,777 JPY (0.0Y/180.0sq.m)
Mitsuwadai100,000 JPY (0.0Y/200.0sq.m)--
Tsuga50,357 JPY (0.0Y/283.0sq.m)85,714 JPY (0.0Y/210.0sq.m)73,761 JPY (0.0Y/310.0sq.m)
Sakuragi80,000 JPY (0.0Y/35.0sq.m)-115,384 JPY (0.0Y/130.0sq.m)
Oguradai76,092 JPY (0.0Y/164.0sq.m)--
Chishirodaikita--90,909 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

Chiba155,358 JPY/sq.m (-30% compared with the previous year)

The average price of a sq.m Land of Chiba was 155,358 JPY/sq.m. The market value represents a decrease of 66,776 JPY (-30.1%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 9 (+112.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 281.2 sq.m (a +38.9% increase compared to the 202.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 32.8 min in 2015 and 38.7 min in 2016; +18.2%)

Tsuga50,357 JPY/sq.m (-41% compared with the previous year)

The average price of a sq.m Land of Tsuga was 50,357 JPY/sq.m. The market value represents a decrease of 35,357 JPY (-41.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 283.0 sq.m (a +34.8% increase compared to the 210.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2015 and 29.4 min in 2016; +54.7%)

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)