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 Apr, 2017 to Jun, 2017 was 95,039 JPY/sq.m. The market value represents a decrease of 28,041 JPY (-22.8%) compared to 1 year ago and a transition to a dramatic market. 43 properties exchanged hands ( The market value represents an increase of 10 (+30.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 300.4 sq.m (a +19.7% increase compared to the 250.9 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; 2 stations have experienced decreased prices. Market value of most stations decreased. Tsuga station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Tsuga station, where prices have increased +42.3% compared to last year; a sq.m unit now costs 81,259 JPY/sq.m.

The top 1 stations has seen prices increase +42.3% (+24,142 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -33.3% (-33,333 JPY/sq.m).

Land stations market overview

The average price of Chibakouenn Land, the highest market value along this railway was 212,903 JPY/sq.m. The market value represents an increase of 15,760 JPY (+8.0%) compared to 1 year ago and a transition to a strong 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 price of Mitsuwadai Land, the lowest market value along this railway was 66,667 JPY/sq.m. The market value represents a decrease of 33,333 JPY (-33.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

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.)
Chiba104,122 JPYsq.m
(0.0251sq.m)
155,359 JPYsq.m
(0.0281sq.m)
144,558 JPYsq.m
(0.0188sq.m)
Chibakouenn212,903 JPYsq.m
(0.0155sq.m)
197,143 JPYsq.m
(0.0308sq.m)
-
Sakusabe---
Supo-Tsusennta---68,360 JPYsq.m
(0.0580sq.m)
Doubutsukouenn---
Mitsuwadai66,667 JPYsq.m
(0.0180sq.m)
100,000 JPYsq.m
(0.0200sq.m)
-
Tsuga81,259 JPYsq.m
(0.0373sq.m)
57,116 JPYsq.m
(0.0263sq.m)
81,862 JPYsq.m
(0.0253sq.m)
Sakuragi-80,000 JPYsq.m
(0.035.0sq.m)
-
Oguradai85,714 JPYsq.m
(0.0175sq.m)
76,093 JPYsq.m
(0.0164sq.m)
22,703 JPYsq.m
(0.0185sq.m)
Chishirodaikita--72,222 JPYsq.m
(0.0180sq.m)
Chishirodai--41,818 JPYsq.m
(0.0220sq.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

Tsuga81,259 JPY/sq.m (+42% compared with the previous year)

The average price of Tsuga Land was 81,259 JPY/sq.m. The market value represents an increase of 24,142 JPY (+42.3%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 13 (+185.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 372.6 sq.m (a +41.5% increase compared to the 263.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 26.7 min in 2016 and 23.9 min in 2017; -10.5%)

Mitsuwadai66,667 JPY/sq.m (-33% compared with the previous year)

The average price of Mitsuwadai Land was 66,667 JPY/sq.m. The market value represents a decrease of 33,333 JPY (-33.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 180.0 sq.m (a -10.0% decrease compared to the 200.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 8.0 min in 2016 and 9.0 min in 2017; +12.5%)

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)