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 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).

Land stations market overview

The average price of Chiba Land, 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 Tsuga Land, 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba168,758 JPYsq.m
(0.0392sq.m)
61,024 JPYsq.m
(0.0190sq.m)
160,172 JPYsq.m
(0.0197sq.m)
Chibakouenn--83,000 JPYsq.m
(0.0100sq.m)
Sakusabe---
Supo-Tsusennta-88,888 JPYsq.m
(0.0180sq.m)
--
Doubutsukouenn---
Mitsuwadai---
Tsuga63,895 JPYsq.m
(0.0299sq.m)
82,383 JPYsq.m
(0.0237sq.m)
66,020 JPYsq.m
(0.0481sq.m)
Sakuragi-72,726 JPYsq.m
(0.0128sq.m)
60,606 JPYsq.m
(0.0330sq.m)
Oguradai22,857 JPYsq.m
(0.0700sq.m)
-36,756 JPYsq.m
(0.0185sq.m)
Chishirodaikita-41,509 JPYsq.m
(0.0530sq.m)
23,382 JPYsq.m
(0.01,350sq.m)
Chishirodai--71,428 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

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

The average price of Chiba Land 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 Tsuga Land 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:

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)