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 Oct, 2017 to Dec, 2017 was 100,888 JPY/sq.m. The market value represents an increase of 4,697 JPY (+4.9%) compared to 1 year ago and a transition to a some market. 35 properties exchanged hands ( The market value represents a decrease of 4 (-10.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 261.7 sq.m (a -30.4% decrease compared to the 375.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Chiba station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chiba station, where prices have increased +37.0% compared to last year; a sq.m unit now costs 134,807 JPY/sq.m.

The top 1 stations has seen prices increase +37.0% (+36,376 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -38.1% (-38,084 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.4 min in 2016 and 22.1 min in 2017; -34.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 2.6% of total transactions in 2016 and 11.4% of total transactions in 2017)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 134,807 JPY/sq.m. The market value represents an increase of 36,376 JPY (+37.0%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 11 (-40.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Sakuragi Land, the lowest market value along this railway was 61,916 JPY/sq.m. The market value represents a decrease of 38,084 JPY (-38.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba134,807 JPYsq.m
(0.0267sq.m)
98,432 JPYsq.m
(0.0403sq.m)
125,805 JPYsq.m
(0.0349sq.m)
Chibakouenn---
Sakusabe-275,862 JPYsq.m
(0.0145sq.m)
-
Supo-Tsusennta--100,000 JPYsq.m
(0.0170sq.m)
-
Doubutsukouenn---
Mitsuwadai56,604 JPYsq.m
(0.0530sq.m)
--
Tsuga74,065 JPYsq.m
(0.0255sq.m)
66,227 JPYsq.m
(0.0286sq.m)
72,607 JPYsq.m
(0.0288sq.m)
Sakuragi61,916 JPYsq.m
(0.0195sq.m)
100,000 JPYsq.m
(0.095.0sq.m)
85,334 JPYsq.m
(0.0693sq.m)
Oguradai-60,292 JPYsq.m
(0.0782sq.m)
88,000 JPYsq.m
(0.0210sq.m)
Chishirodaikita--81,818 JPYsq.m
(0.0165sq.m)
Chishirodai84,486 JPYsq.m
(0.0225sq.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

Chiba134,807 JPY/sq.m (+37% compared with the previous year)

The average price of Chiba Land was 134,807 JPY/sq.m. The market value represents an increase of 36,376 JPY (+37.0%) compared to 1 year ago and a transition to a dramatic market. 16 properties exchanged hands ( The market value represents a decrease of 11 (-40.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 267.2 sq.m (a -33.7% decrease compared to the 402.8 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 42.5 min in 2016 and 28.1 min in 2017; -34.0%)

Sakuragi61,916 JPY/sq.m (-38% compared with the previous year)

The average price of Sakuragi Land was 61,916 JPY/sq.m. The market value represents a decrease of 38,084 JPY (-38.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 195.0 sq.m (a +105.3% increase compared to the 95.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2016 and 8.3 min in 2017; +66.7%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2016 and 33.3% of total transactions in 2017)

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)