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 Apr, 2017 to Jun, 2017 was 90,875 JPY/sq.m. The market value represents a decrease of 33,242 JPY (-26.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 28 (-90.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 170.0 sq.m (a -33.0% decrease compared to the 253.7 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.

1 stations have experienced increased prices; 1 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 +87.5% compared to last year; a sq.m unit now costs 94,444 JPY/sq.m.

The top 1 stations has seen prices increase +87.5% (+44,087 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -42.7% (-66,268 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.7 min in 2016 and 21.7 min in 2017; -21.8%)

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 Tsuga, the highest market value along this railway was 94,444 JPY/sq.m. The market value represents an increase of 44,087 JPY (+87.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Chiba, the lowest market value along this railway was 89,090 JPY/sq.m. The market value represents a decrease of 66,268 JPY (-42.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 15 (-88.2%) 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)1 year ago2 years ago
Chiba89,090 JPY (0.0Y/165.0sq.m)155,358 JPY (0.0Y/281.2sq.m)222,134 JPY (0.0Y/202.5sq.m)
Chibakouenn-197,142 JPY (0.0Y/307.5sq.m)-
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai-100,000 JPY (0.0Y/200.0sq.m)-
Tsuga94,444 JPY (0.0Y/180.0sq.m)50,357 JPY (0.0Y/283.0sq.m)85,714 JPY (0.0Y/210.0sq.m)
Sakuragi-80,000 JPY (0.0Y/35.0sq.m)-
Oguradai-76,092 JPY (0.0Y/164.0sq.m)-
Chishirodaikita---
Chishirodai---

*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

Tsuga94,444 JPY/sq.m (+88% compared with the previous year)

The average price of a sq.m Land of Tsuga was 94,444 JPY/sq.m. The market value represents an increase of 44,087 JPY (+87.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 180.0 sq.m (a -36.4% decrease compared to the 283.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 29.4 min in 2016 and 11.0 min in 2017; -62.6%)

Chiba89,090 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Land of Chiba was 89,090 JPY/sq.m. The market value represents a decrease of 66,268 JPY (-42.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 15 (-88.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 165.0 sq.m (a -41.3% decrease compared to the 281.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.7 min in 2016 and 27.0 min in 2017; -30.2%)

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)