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 Jan, 2017 to Mar, 2017 was 117,909 JPY/sq.m. The market value represents an increase of 48,563 JPY (+70.0%) compared to 1 year ago and a transition to a dramatic market. 23 properties exchanged hands ( The market value represents an increase of 2 (+9.5%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 360.0 sq.m (a +65.1% increase compared to the 218.1 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +176.5% (+107,734 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -22.4% (-18,488 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 168,758 JPY/sq.m. The market value represents an increase of 107,734 JPY (+176.5%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 2 (+20.0%) 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 63,895 JPY/sq.m. The market value represents a decrease of 18,488 JPY (-22.4%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

Chiba Monorail Line 2 (Stations Land market overview)
Chiba Monorail Line 2This year(2017)1 year ago2 years ago
Chiba168,758 JPY (0.0Y/392.5sq.m)61,024 JPY (0.0Y/190.0sq.m)160,172 JPY (0.0Y/197.1sq.m)
Chibakouenn--83,000 JPY (0.0Y/100.0sq.m)
Supo-Tsusennta-88,888 JPY (0.0Y/180.0sq.m)--
Doubutsukouenn---
Mitsuwadai---
Tsuga63,895 JPY (0.0Y/298.9sq.m)82,383 JPY (0.0Y/236.9sq.m)66,020 JPY (0.0Y/481.2sq.m)
Sakuragi-72,726 JPY (0.0Y/127.5sq.m)60,606 JPY (0.0Y/330.0sq.m)
Oguradai22,857 JPY (0.0Y/700.0sq.m)-36,756 JPY (0.0Y/185.0sq.m)
Chishirodaikita-41,509 JPY (0.0Y/530.0sq.m)23,382 JPY (0.0Y/1350.0sq.m)
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.

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Noteworthy stations

Chiba168,758 JPY/sq.m (+177% compared with the previous year)

The average price of a sq.m Land of Chiba was 168,758 JPY/sq.m. The market value represents an increase of 107,734 JPY (+176.5%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 2 (+20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 392.5 sq.m (a +106.6% increase compared to the 190.0 sq.m of last year.).

Tsuga63,895 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Land of Tsuga was 63,895 JPY/sq.m. The market value represents a decrease of 18,488 JPY (-22.4%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 298.9 sq.m (a +26.2% increase compared to the 236.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.0 min in 2016 and 19.8 min in 2017; -23.9%)

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)