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 Dec, 2017 was 93,997 JPY/sq.m. The market value represents a decrease of 5,604 JPY (-5.6%) compared to 1 year ago and a transition to a bear market. 71 properties exchanged hands ( The market value represents a decrease of 33 (-31.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 285.6 sq.m (a +15.8% increase compared to the 246.6 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.

2 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Chishirodaikita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chishirodaikita station, where prices have increased +50.6% compared to last year; a sq.m unit now costs 62,500 JPY/sq.m.

The top 2 stations has seen prices increase +28.6% (+14,353 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.6% (-33,773 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 6.7% of total transactions in 2016 and 8.5% of total transactions in 2017)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 124,029 JPY/sq.m. The market value represents an increase of 7,715 JPY (+6.6%) compared to 1 year ago and a transition to a strong market. 34 properties exchanged hands ( The market value represents a decrease of 21 (-38.2%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Oguradai Land, the lowest market value along this railway was 47,428 JPY/sq.m. The market value represents a decrease of 24,150 JPY (-33.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) 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.)
Chiba124,029 JPYsq.m
(0.0288sq.m)
116,314 JPYsq.m
(0.0238sq.m)
156,820 JPYsq.m
(0.0199sq.m)
Chibakouenn-197,142 JPYsq.m
(0.0308sq.m)
83,000 JPYsq.m
(0.0100sq.m)
Sakusabe---
Supo-Tsusennta-88,888 JPYsq.m
(0.0180sq.m)
100,000 JPYsq.m
(0.0170sq.m)
-
Doubutsukouenn---
Mitsuwadai56,603 JPYsq.m
(0.0530sq.m)
100,000 JPYsq.m
(0.0200sq.m)
-
Tsuga64,944 JPYsq.m
(0.0281sq.m)
67,537 JPYsq.m
(0.0262sq.m)
72,507 JPYsq.m
(0.0357sq.m)
Sakuragi69,565 JPYsq.m
(0.0115sq.m)
87,070 JPYsq.m
(0.0108sq.m)
60,606 JPYsq.m
(0.0330sq.m)
Oguradai47,428 JPYsq.m
(0.0475sq.m)
71,578 JPYsq.m
(0.0341sq.m)
69,439 JPYsq.m
(0.0201sq.m)
Chishirodaikita62,500 JPYsq.m
(0.0240sq.m)
41,509 JPYsq.m
(0.0530sq.m)
43,871 JPYsq.m
(0.0955sq.m)
Chishirodai88,647 JPYsq.m
(0.0205sq.m)
-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

Chishirodaikita62,500 JPY/sq.m (+51% compared with the previous year)

The average price of Chishirodaikita Land was 62,500 JPY/sq.m. The market value represents an increase of 20,991 JPY (+50.6%) 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 240.0 sq.m (a -54.7% decrease compared to the 530.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 6.0 min in 2016 and 5.0 min in 2017; -16.7%)

Chiba124,029 JPY/sq.m (+7% compared with the previous year)

The average price of Chiba Land was 124,029 JPY/sq.m. The market value represents an increase of 7,715 JPY (+6.6%) compared to 1 year ago and a transition to a strong market. 34 properties exchanged hands ( The market value represents a decrease of 21 (-38.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 288.1 sq.m (a +21.0% increase compared to the 238.0 sq.m of last year.).

Mitsuwadai56,603 JPY/sq.m (-43% compared with the previous year)

The average price of Mitsuwadai Land was 56,603 JPY/sq.m. The market value represents a decrease of 43,397 JPY (-43.4%) 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 530.0 sq.m (a +165.0% increase compared to the 200.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2016 and 6.0 min in 2017; -25.0%)

Oguradai47,428 JPY/sq.m (-34% compared with the previous year)

The average price of Oguradai Land was 47,428 JPY/sq.m. The market value represents a decrease of 24,150 JPY (-33.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 475.0 sq.m (a +39.4% increase compared to the 340.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.0 min in 2016 and 5.0 min in 2017; -28.6%)

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)