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 Jul, 2017 to Sep, 2017 was 61,336 JPY/sq.m. The market value represents a decrease of 13,925 JPY (-18.5%) compared to 1 year ago and a transition to a weak market. 20 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 243.2 sq.m (a -4.7% decrease compared to the 255.2 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.

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -25.7% (-22,158 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -26.0% (-16,971 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 64,136 JPY/sq.m. The market value represents a decrease of 22,158 JPY (-25.7%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) 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 48,292 JPY/sq.m. The market value represents a decrease of 16,971 JPY (-26.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 5 (-45.5%) 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
Chiba64,136 JPY (0.0Y/214.5sq.m)86,294 JPY (0.0Y/261.9sq.m)100,639 JPY (0.0Y/203.2sq.m)
Chibakouenn---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai---
Tsuga48,292 JPY (0.0Y/308.3sq.m)65,263 JPY (0.0Y/258.6sq.m)72,959 JPY (0.0Y/217.5sq.m)
Sakuragi-96,969 JPY (0.0Y/165.0sq.m)-
Oguradai72,000 JPY (0.0Y/250.0sq.m)-65,000 JPY (0.0Y/200.0sq.m)
Chishirodaikita62,500 JPY (0.0Y/240.0sq.m)--
Chishirodai96,969 JPY (0.0Y/165.0sq.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

Chiba64,136 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Chiba was 64,136 JPY/sq.m. The market value represents a decrease of 22,158 JPY (-25.7%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents an increase of 3 (+37.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 214.5 sq.m (a -18.1% decrease compared to the 261.9 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 53.6 min in 2016 and 43.3 min in 2017; -19.3%)

Tsuga48,292 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Land of Tsuga was 48,292 JPY/sq.m. The market value represents a decrease of 16,971 JPY (-26.0%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents a decrease of 5 (-45.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 308.3 sq.m (a +19.2% increase compared to the 258.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.1 min in 2016 and 32.5 min in 2017; +54.1%)

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)