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 Apr, 2018 to Jun, 2018 was 130,091 JPY/sq.m. The market value represents an increase of 39,216 JPY (+43.2%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents an increase of 10 (+333.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 448.8 sq.m (a +164.0% increase compared to the 170.0 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.

1 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased.

The top 1 stations has seen prices increase +106.2% (+94,640 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -21.9% (-20,644 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.7 min in 2017 and 26.5 min in 2018; +22.5%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 183,730 JPY/sq.m. The market value represents an increase of 94,640 JPY (+106.2%) 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 price of Tsuga Land, the lowest market value along this railway was 73,800 JPY/sq.m. The market value represents a decrease of 20,644 JPY (-21.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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.)
Chiba183,730 JPYsq.m
(0.0762sq.m)
89,090 JPYsq.m
(0.0165sq.m)
155,358 JPYsq.m
(0.0281sq.m)
Chibakouenn233,277 JPYsq.m
(0.0122sq.m)
-197,142 JPYsq.m
(0.0308sq.m)
Sakusabe---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai110,638 JPYsq.m
(0.0470sq.m)
-100,000 JPYsq.m
(0.0200sq.m)
Tsuga73,800 JPYsq.m
(0.0389sq.m)
94,444 JPYsq.m
(0.0180sq.m)
50,357 JPYsq.m
(0.0283sq.m)
Sakuragi120,000 JPYsq.m
(0.0500sq.m)
-80,000 JPYsq.m
(0.035.0sq.m)
Oguradai--76,092 JPYsq.m
(0.0164sq.m)
Chishirodaikita---
Chishirodai---

*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

Chiba183,730 JPY/sq.m (+106% compared with the previous year)

The average price of Chiba Land was 183,730 JPY/sq.m. The market value represents an increase of 94,640 JPY (+106.2%) 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 761.7 sq.m (a +361.6% increase compared to the 165.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 27.0 min in 2017 and 38.7 min in 2018; +43.2%)

Tsuga73,800 JPY/sq.m (-22% compared with the previous year)

The average price of Tsuga Land was 73,800 JPY/sq.m. The market value represents a decrease of 20,644 JPY (-21.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 389.2 sq.m (a +116.2% increase compared to the 180.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2017 and 33.7 min in 2018; +206.1%)

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)