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 Oct, 2016 to Dec, 2016 was 110,918 JPY/sq.m. The market value represents a decrease of 14,150 JPY (-11.3%) compared to 1 year ago and a transition to a weak market. 32 properties exchanged hands ( The market value represents an increase of 11 (+52.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 253.1 sq.m (a +9.6% increase compared to the 231.0 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.

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Tsuga station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Oguradai station, where prices have decreased -31.5% compared to last year; a sq.m unit now costs 60,292 JPY/sq.m.

The top 1 stations has seen prices increase -18.5% (-14,996 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -31.5% (-27,708 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.7 min in 2015 and 27.6 min in 2016; +33.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.8% of total transactions in 2015 and 3.1% of total transactions in 2016)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 122,779 JPY/sq.m. The market value represents a decrease of 40,588 JPY (-24.8%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 9 (+81.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Oguradai Land, the lowest market value along this railway was 60,292 JPY/sq.m. The market value represents a decrease of 27,708 JPY (-31.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

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.)
Chiba122,779 JPYsq.m
(0.0216sq.m)
163,366 JPYsq.m
(0.0193sq.m)
134,052 JPYsq.m
(0.0398sq.m)
Chibakouenn---
Sakusabe---
Supo-Tsusennta-100,000 JPYsq.m
(0.0170sq.m)
--
Doubutsukouenn---
Mitsuwadai---
Tsuga66,227 JPYsq.m
(0.0286sq.m)
81,223 JPYsq.m
(0.0306sq.m)
32,663 JPYsq.m
(0.0736sq.m)
Sakuragi100,000 JPYsq.m
(0.095.0sq.m)
--
Oguradai60,292 JPYsq.m
(0.0782sq.m)
88,000 JPYsq.m
(0.0210sq.m)
56,363 JPYsq.m
(0.0165sq.m)
Chishirodaikita-84,848 JPYsq.m
(0.0165sq.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.

Noteworthy stations

Tsuga66,227 JPY/sq.m (-18% compared with the previous year)

The average price of Tsuga Land was 66,227 JPY/sq.m. The market value represents a decrease of 14,996 JPY (-18.5%) compared to 1 year ago and a transition to a weak market. 6 properties exchanged hands ( The market value represents a decrease of 1 (-14.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 285.8 sq.m (a -6.5% decrease compared to the 305.7 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 14.9 min in 2015 and 16.5 min in 2016; +11.1%)

Oguradai60,292 JPY/sq.m (-31% compared with the previous year)

The average price of Oguradai Land was 60,292 JPY/sq.m. The market value represents a decrease of 27,708 JPY (-31.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 782.5 sq.m (a +272.6% increase compared to the 210.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 6.0 min in 2015 and 7.0 min in 2016; +16.7%)

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)