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 Jul, 2018 to Sep, 2018 was 142,929 JPY/sq.m. The market value represents an increase of 81,594 JPY (+133.0%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents an increase of 5 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 491.4 sq.m (a +102.0% increase compared to the 243.2 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.

The top 1 stations has seen prices increase +145.7% (+93,470 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -38.1% (-36,969 JPY/sq.m).


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 Chiba, the highest market value along this railway was 157,605 JPY/sq.m. The market value represents an increase of 93,470 JPY (+145.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 6 (+54.5%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Chishirodai, the lowest market value along this railway was 60,000 JPY/sq.m. The market value represents a decrease of 36,969 JPY (-38.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Chiba Monorail Line 2 (Stations Land market overview)
Chiba Monorail Line 2This year(2018)1 year ago2 years ago
Chiba157,605 JPY (0.0Y/184.7sq.m)64,136 JPY (0.0Y/214.5sq.m)86,294 JPY (0.0Y/261.9sq.m)
Chibakouenn---
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai---
Tsuga107,114 JPY (0.0Y/1399.2sq.m)48,292 JPY (0.0Y/308.3sq.m)65,263 JPY (0.0Y/258.6sq.m)
Sakuragi48,000 JPY (0.0Y/500.0sq.m)-96,969 JPY (0.0Y/165.0sq.m)
Oguradai-72,000 JPY (0.0Y/250.0sq.m)-
Chishirodaikita-62,500 JPY (0.0Y/240.0sq.m)-
Chishirodai60,000 JPY (0.0Y/250.0sq.m)96,969 JPY (0.0Y/165.0sq.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

Chiba157,605 JPY/sq.m (+146% compared with the previous year)

The average price of a sq.m Land of Chiba was 157,605 JPY/sq.m. The market value represents an increase of 93,470 JPY (+145.7%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 6 (+54.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 184.7 sq.m (a -13.9% decrease compared to the 214.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 43.3 min in 2017 and 34.5 min in 2018; -20.2%)

Chishirodai60,000 JPY/sq.m (-38% compared with the previous year)

The average price of a sq.m Land of Chishirodai was 60,000 JPY/sq.m. The market value represents a decrease of 36,969 JPY (-38.1%) 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 250.0 sq.m (a +51.5% 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 6.0 min in 2017 and 11.0 min in 2018; +83.3%)

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)