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 Jan, 2018 to Mar, 2018 was 76,961 JPY/sq.m. The market value represents a decrease of 40,947 JPY (-34.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 6 (-26.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 395.9 sq.m (a +10.0% increase compared to the 360.0 sq.m of last year.).

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

2 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 Oguradai station, where prices have increased +191.7% compared to last year; a sq.m unit now costs 66,666 JPY/sq.m.

The top 1 stations has seen prices increase +191.7% (+43,809 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -55.2% (-93,119 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 33.7 min in 2017 and 26.4 min in 2018; -21.5%)

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 79,698 JPY/sq.m. The market value represents an increase of 15,803 JPY (+24.7%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Oguradai, the lowest market value along this railway was 66,666 JPY/sq.m. The market value represents an increase of 43,809 JPY (+191.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) 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(2018)1 year ago2 years ago
Chiba75,639 JPY (0.0Y/482.0sq.m)168,758 JPY (0.0Y/392.5sq.m)61,024 JPY (0.0Y/190.0sq.m)
Chibakouenn---
Supo-Tsusennta--88,888 JPY (0.0Y/180.0sq.m)-
Doubutsukouenn---
Mitsuwadai---
Tsuga79,698 JPY (0.0Y/198.9sq.m)63,895 JPY (0.0Y/298.9sq.m)82,383 JPY (0.0Y/236.9sq.m)
Sakuragi--72,726 JPY (0.0Y/127.5sq.m)
Oguradai66,666 JPY (0.0Y/1135.0sq.m)22,857 JPY (0.0Y/700.0sq.m)-
Chishirodaikita--41,509 JPY (0.0Y/530.0sq.m)
Chishirodai69,230 JPY (0.0Y/260.0sq.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

Oguradai66,666 JPY/sq.m (+192% compared with the previous year)

The average price of a sq.m Land of Oguradai was 66,666 JPY/sq.m. The market value represents an increase of 43,809 JPY (+191.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1135.0 sq.m (a +62.1% increase compared to the 700.0 sq.m of last year.).

Chiba75,639 JPY/sq.m (-55% compared with the previous year)

The average price of a sq.m Land of Chiba was 75,639 JPY/sq.m. The market value represents a decrease of 93,119 JPY (-55.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 7 (-58.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 482.0 sq.m (a +22.8% increase compared to the 392.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 47.1 min in 2017 and 36.0 min in 2018; -23.5%)

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)