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 Jul, 2016 to Sep, 2016 was 75,261 JPY/sq.m. The market value represents a decrease of 11,201 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 20 properties exchanged hands ( The market value represents a decrease of 1 (-4.8%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 255.2 sq.m (a +25.4% increase compared to the 203.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an decrease in transactions involving relatively large size more than 100 sq.m.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations. Chiba, Tsuga station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Chiba station, where prices have decreased -14.3% compared to last year; a sq.m unit now costs 86,294 JPY/sq.m.

The top 1 stations has seen prices increase -10.5% (-7,696 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -14.3% (-14,345 JPY/sq.m).

Causes of price decreases

  • An increase in average distance from the station (representing 29.8 min in 2015 and 33.5 min in 2016; +12.4%)

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

Top

Land stations market overview

The average price of a sq.m Land of Chiba, the highest market value along this railway was 86,294 JPY/sq.m. The market value represents a decrease of 14,345 JPY (-14.3%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 3 (-27.3%) 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 65,263 JPY/sq.m. The market value represents a decrease of 7,696 JPY (-10.5%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) 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
Chiba86,294 JPY (0.0Y/261.9sq.m)100,639 JPY (0.0Y/203.2sq.m)135,620 JPY (0.0Y/376.8sq.m)
Chibakouenn---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai---
Tsuga65,263 JPY (0.0Y/258.6sq.m)72,959 JPY (0.0Y/217.5sq.m)67,154 JPY (0.0Y/365.0sq.m)
Sakuragi96,969 JPY (0.0Y/165.0sq.m)--
Oguradai-65,000 JPY (0.0Y/200.0sq.m)-
Chishirodaikita---
Chishirodai--71,428 JPY (0.0Y/210.0sq.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.

Top

Noteworthy stations

Tsuga65,263 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Land of Tsuga was 65,263 JPY/sq.m. The market value represents a decrease of 7,696 JPY (-10.5%) compared to 1 year ago and a transition to a weak market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 258.6 sq.m (a +18.9% increase compared to the 217.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 24.5 min in 2015 and 21.1 min in 2016; -13.9%)

Chiba86,294 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Land of Chiba was 86,294 JPY/sq.m. The market value represents a decrease of 14,345 JPY (-14.3%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 3 (-27.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 261.9 sq.m (a +28.9% increase compared to the 203.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 35.5 min in 2015 and 53.6 min in 2016; +51.3%)

Breakdown of each segment

Station:   Segment:

Top

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)