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 Dec, 2016 was 99,601 JPY/sq.m. The market value represents a decrease of 11,343 JPY (-10.2%) compared to 1 year ago and a transition to a weak market. 104 properties exchanged hands ( The market value represents an increase of 25 (+31.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 246.6 sq.m (a -16.3% decrease compared to the 294.6 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; 3 stations have experienced decreased prices. Market value of most stations decreased. Sakuragi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chibakouenn station, where prices have increased +137.5% compared to last year; a sq.m unit now costs 197,142 JPY/sq.m.

The top 2 stations has seen prices increase +90.6% (+70,303 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -16.3% (-22,738 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 3.8% of total transactions in 2015 and 6.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.3 min in 2015 and 29.5 min in 2016; +21.5%)

Land stations market overview

The average price of Chibakouenn Land, the highest market value along this railway was 197,142 JPY/sq.m. The market value represents an increase of 114,142 JPY (+137.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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 a decrease of 2,362 JPY (-5.4%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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.)
Chiba116,314 JPYsq.m
(0.0238sq.m)
156,820 JPYsq.m
(0.0199sq.m)
106,278 JPYsq.m
(0.0381sq.m)
Chibakouenn197,142 JPYsq.m
(0.0308sq.m)
83,000 JPYsq.m
(0.0100sq.m)
-
Sakusabe---
Supo-Tsusennta-100,000 JPYsq.m
(0.0170sq.m)
--
Doubutsukouenn--27,777 JPYsq.m
(0.0180sq.m)
Mitsuwadai100,000 JPYsq.m
(0.0200sq.m)
--
Tsuga67,537 JPYsq.m
(0.0262sq.m)
72,507 JPYsq.m
(0.0357sq.m)
69,590 JPYsq.m
(0.0378sq.m)
Sakuragi87,070 JPYsq.m
(0.0108sq.m)
60,606 JPYsq.m
(0.0330sq.m)
115,384 JPYsq.m
(0.0130sq.m)
Oguradai71,578 JPYsq.m
(0.0341sq.m)
69,439 JPYsq.m
(0.0201sq.m)
47,746 JPYsq.m
(0.0198sq.m)
Chishirodaikita41,509 JPYsq.m
(0.0530sq.m)
43,871 JPYsq.m
(0.0955sq.m)
90,909 JPYsq.m
(0.0165sq.m)
Chishirodai-71,428 JPYsq.m
(0.0210sq.m)
74,602 JPYsq.m
(0.0285sq.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

Chibakouenn197,142 JPY/sq.m (+138% compared with the previous year)

The average price of Chibakouenn Land was 197,142 JPY/sq.m. The market value represents an increase of 114,142 JPY (+137.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 307.5 sq.m (a +207.5% increase compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 4.0 min in 2015 and 3.0 min in 2016; -25.0%)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Sakuragi87,070 JPY/sq.m (+44% compared with the previous year)

The average price of Sakuragi Land was 87,070 JPY/sq.m. The market value represents an increase of 26,464 JPY (+43.7%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 107.5 sq.m (a -67.4% decrease compared to the 330.0 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 5.3 min in 2016; -33.3%)

Chiba116,314 JPY/sq.m (-26% compared with the previous year)

The average price of Chiba Land was 116,314 JPY/sq.m. The market value represents a decrease of 40,506 JPY (-25.8%) compared to 1 year ago and a transition to a dramatic market. 55 properties exchanged hands ( The market value represents an increase of 18 (+48.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 238.0 sq.m (a +19.6% increase compared to the 198.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 31.9 min in 2015 and 41.0 min in 2016; +28.6%)

Tsuga67,537 JPY/sq.m (-7% compared with the previous year)

The average price of Tsuga Land was 67,537 JPY/sq.m. The market value represents a decrease of 4,970 JPY (-6.9%) compared to 1 year ago and a transition to a bear market. 30 properties exchanged hands ( The market value represents an increase of 1 (+3.4%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 262.3 sq.m (a -26.5% decrease compared to the 356.7 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 20.2 min in 2015 and 22.9 min in 2016; +13.0%)

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)