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 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%)

Land stations market overview

The average price of Tsuga Land, 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 Oguradai Land, 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba75,639 JPYsq.m
(0.0482sq.m)
168,758 JPYsq.m
(0.0392sq.m)
61,024 JPYsq.m
(0.0190sq.m)
Chibakouenn---
Sakusabe---
Supo-Tsusennta--88,888 JPYsq.m
(0.0180sq.m)
-
Doubutsukouenn---
Mitsuwadai---
Tsuga79,698 JPYsq.m
(0.0199sq.m)
63,895 JPYsq.m
(0.0299sq.m)
82,383 JPYsq.m
(0.0237sq.m)
Sakuragi--72,726 JPYsq.m
(0.0128sq.m)
Oguradai66,666 JPYsq.m
(0.01,135sq.m)
22,857 JPYsq.m
(0.0700sq.m)
-
Chishirodaikita--41,509 JPYsq.m
(0.0530sq.m)
Chishirodai69,230 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

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

The average price of Oguradai Land 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 Chiba Land 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:

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)