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, 2018 to Mar, 2018 was 97,420 JPY/sq.m. The market value represents a decrease of 110 JPY (-0.1%) compared to 1 year ago and a transition to a slight market. 27 properties exchanged hands ( The market value represents a decrease of 26 (-49.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 274.8 sq.m (a -19.2% decrease compared to the 340.0 sq.m of last year.).

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

3 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Oguradai station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Oguradai station, where prices have increased +14.7% compared to last year; a sq.m unit now costs 66,667 JPY/sq.m.

The top 1 stations has seen prices increase +14.7% (+8,543 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +1.4% (+1,551 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 34.5 min in 2017 and 24.7 min in 2018; -28.3%)

Causes of price decreases

  • A slight decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.8% of total transactions in 2017 and 3.7% of total transactions in 2018)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 113,446 JPY/sq.m. The market value represents an increase of 1,551 JPY (+1.4%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents a decrease of 18 (-64.3%) 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 66,667 JPY/sq.m. The market value represents an increase of 8,543 JPY (+14.7%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba113,446 JPYsq.m
(0.0364sq.m)
111,896 JPYsq.m
(0.0392sq.m)
108,442 JPYsq.m
(0.0174sq.m)
Chibakouenn186,957 JPYsq.m
(0.0230sq.m)
--
Sakusabe-120,000 JPYsq.m
(0.0150sq.m)
-
Supo-Tsusennta--88,889 JPYsq.m
(0.0180sq.m)
-
Doubutsukouenn---
Mitsuwadai---
Tsuga82,739 JPYsq.m
(0.0212sq.m)
80,372 JPYsq.m
(0.0238sq.m)
73,709 JPYsq.m
(0.0456sq.m)
Sakuragi-91,398 JPYsq.m
(0.0930sq.m)
72,728 JPYsq.m
(0.0128sq.m)
Oguradai66,667 JPYsq.m
(0.0270sq.m)
58,124 JPYsq.m
(0.0353sq.m)
89,240 JPYsq.m
(0.0146sq.m)
Chishirodaikita--66,588 JPYsq.m
(0.0385sq.m)
Chishirodai69,231 JPYsq.m
(0.0260sq.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

Oguradai66,667 JPY/sq.m (+15% compared with the previous year)

The average price of Oguradai Land was 66,667 JPY/sq.m. The market value represents an increase of 8,543 JPY (+14.7%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 270.0 sq.m (a -23.6% decrease compared to the 353.3 sq.m of last year.).

Chiba113,446 JPY/sq.m (+1% compared with the previous year)

The average price of Chiba Land was 113,446 JPY/sq.m. The market value represents an increase of 1,551 JPY (+1.4%) compared to 1 year ago and a transition to a slight market. 10 properties exchanged hands ( The market value represents a decrease of 18 (-64.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 363.5 sq.m (a -7.3% decrease compared to the 392.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 44.0 min in 2017 and 32.1 min in 2018; -27.0%)

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)