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 121,023 JPY/sq.m. The market value represents an increase of 25,984 JPY (+27.3%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents a decrease of 26 (-60.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 409.4 sq.m (a +36.3% increase compared to the 300.4 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.

4 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Chiba, Mitsuwadai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mitsuwadai station, where prices have increased +66.0% compared to last year; a sq.m unit now costs 110,638 JPY/sq.m.

The top 1 stations has seen prices increase +66.0% (+43,971 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +0.2% (+181 JPY/sq.m).

Land stations market overview

The average price of Chibakouenn Land, the highest market value along this railway was 233,278 JPY/sq.m. The market value represents an increase of 20,374 JPY (+9.6%) compared to 1 year ago and a transition to a strong 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 price of Tsuga Land, the lowest market value along this railway was 81,439 JPY/sq.m. The market value represents an increase of 181 JPY (+0.2%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents a decrease of 12 (-60.0%) 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.)
Chiba133,819 JPYsq.m
(0.0567sq.m)
104,122 JPYsq.m
(0.0251sq.m)
155,359 JPYsq.m
(0.0281sq.m)
Chibakouenn233,278 JPYsq.m
(0.0122sq.m)
212,903 JPYsq.m
(0.0155sq.m)
197,143 JPYsq.m
(0.0308sq.m)
Sakusabe---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai110,638 JPYsq.m
(0.0470sq.m)
66,667 JPYsq.m
(0.0180sq.m)
100,000 JPYsq.m
(0.0200sq.m)
Tsuga81,439 JPYsq.m
(0.0357sq.m)
81,259 JPYsq.m
(0.0373sq.m)
57,116 JPYsq.m
(0.0263sq.m)
Sakuragi120,000 JPYsq.m
(0.0500sq.m)
-80,000 JPYsq.m
(0.035.0sq.m)
Oguradai-85,714 JPYsq.m
(0.0175sq.m)
76,093 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

Mitsuwadai110,638 JPY/sq.m (+66% compared with the previous year)

The average price of Mitsuwadai Land was 110,638 JPY/sq.m. The market value represents an increase of 43,971 JPY (+66.0%) 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 470.0 sq.m (a +161.1% increase compared to the 180.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2017 and 6.0 min in 2018; -33.3%)

Tsuga81,439 JPY/sq.m (+0% compared with the previous year)

The average price of Tsuga Land was 81,439 JPY/sq.m. The market value represents an increase of 181 JPY (+0.2%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents a decrease of 12 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 357.1 sq.m (a -4.2% decrease compared to the 372.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.9 min in 2017 and 30.9 min in 2018; +29.2%)

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)