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, 2017 to Mar, 2017 was 97,531 JPY/sq.m. The market value represents an increase of 6,145 JPY (+6.7%) compared to 1 year ago and a transition to a strong market. 53 properties exchanged hands ( The market value represents an increase of 17 (+47.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 340.0 sq.m (a +27.8% increase compared to the 266.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

3 stations have experienced increased prices; 1 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 Sakuragi station, where prices have increased +25.7% compared to last year; a sq.m unit now costs 91,398 JPY/sq.m.

The top 1 stations has seen prices increase +25.7% (+18,670 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -34.9% (-31,116 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.7 min in 2016 and 34.5 min in 2017; +29.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.9% of total transactions in 2016 and 3.8% of total transactions in 2017)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 111,896 JPY/sq.m. The market value represents an increase of 3,454 JPY (+3.2%) compared to 1 year ago and a transition to a some market. 28 properties exchanged hands ( The market value represents an increase of 11 (+64.7%) 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 58,124 JPY/sq.m. The market value represents a decrease of 31,116 JPY (-34.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) 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(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba111,896 JPYsq.m
(0.0392sq.m)
108,442 JPYsq.m
(0.0174sq.m)
121,237 JPYsq.m
(0.0389sq.m)
Chibakouenn--83,000 JPYsq.m
(0.0100sq.m)
Sakusabe120,000 JPYsq.m
(0.0150sq.m)
--
Supo-Tsusennta-88,889 JPYsq.m
(0.0180sq.m)
--
Doubutsukouenn---
Mitsuwadai---
Tsuga80,372 JPYsq.m
(0.0238sq.m)
73,709 JPYsq.m
(0.0456sq.m)
74,804 JPYsq.m
(0.0321sq.m)
Sakuragi91,398 JPYsq.m
(0.0930sq.m)
72,728 JPYsq.m
(0.0128sq.m)
60,606 JPYsq.m
(0.0330sq.m)
Oguradai58,124 JPYsq.m
(0.0353sq.m)
89,240 JPYsq.m
(0.0146sq.m)
55,881 JPYsq.m
(0.0235sq.m)
Chishirodaikita-66,588 JPYsq.m
(0.0385sq.m)
23,382 JPYsq.m
(0.01,350sq.m)
Chishirodai--71,429 JPYsq.m
(0.0210sq.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

Sakuragi91,398 JPY/sq.m (+26% compared with the previous year)

The average price of Sakuragi Land was 91,398 JPY/sq.m. The market value represents an increase of 18,670 JPY (+25.7%) 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 930.0 sq.m (a +629.4% increase compared to the 127.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 4.5 min in 2016 and 5.0 min in 2017; +11.1%)
  • 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 2016 and 100.0% of total transactions in 2017)

Oguradai58,124 JPY/sq.m (-35% compared with the previous year)

The average price of Oguradai Land was 58,124 JPY/sq.m. The market value represents a decrease of 31,116 JPY (-34.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 353.3 sq.m (a +141.6% increase compared to the 146.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2016 and 7.7 min in 2017; +27.8%)

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)