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 Oct, 2018 to Dec, 2018 was 125,850 JPY/sq.m. The market value represents an increase of 27,349 JPY (+27.8%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents a decrease of 1 (-4.0%) compared to 1 year ago and a transition to a some market.).

The average size of the real estate was 247.9 sq.m (a -6.4% decrease compared to the 265.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic decrease in transactions involving relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Chiba station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Chiba station, where prices have increased +15.4% compared to last year; a sq.m unit now costs 167,764 JPY/sq.m.

The top 1 stations has seen prices increase +15.4% (+22,406 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +1.6% (+1,169 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.6 min in 2017 and 26.0 min in 2018; +26.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.0% of total transactions in 2017 and 8.3% of total transactions in 2018)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 167,764 JPY/sq.m. The market value represents an increase of 22,406 JPY (+15.4%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents an increase of 3 (+33.3%) 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 72,766 JPY/sq.m. The market value represents an increase of 1,169 JPY (+1.6%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents a decrease of 4 (-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.)
Chiba167,764 JPYsq.m
(0.0276sq.m)
145,358 JPYsq.m
(0.0266sq.m)
122,779 JPYsq.m
(0.0216sq.m)
Chibakouenn228,571 JPYsq.m
(0.0140sq.m)
--
Sakusabe---
Supo-Tsusennta---100,000 JPYsq.m
(0.0170sq.m)
Doubutsukouenn---
Mitsuwadai-56,603 JPYsq.m
(0.0530sq.m)
-
Tsuga72,766 JPYsq.m
(0.0228sq.m)
71,597 JPYsq.m
(0.0261sq.m)
66,227 JPYsq.m
(0.0286sq.m)
Sakuragi-69,565 JPYsq.m
(0.0115sq.m)
100,000 JPYsq.m
(0.095.0sq.m)
Oguradai--60,292 JPYsq.m
(0.0782sq.m)
Chishirodaikita65,512 JPYsq.m
(0.0225sq.m)
--
Chishirodai-84,486 JPYsq.m
(0.0225sq.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

Chiba167,764 JPY/sq.m (+15% compared with the previous year)

The average price of Chiba Land was 167,764 JPY/sq.m. The market value represents an increase of 22,406 JPY (+15.4%) compared to 1 year ago and a transition to a bull market. 12 properties exchanged hands ( The market value represents an increase of 3 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 275.8 sq.m (a +3.7% increase compared to the 266.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.3 min in 2017 and 34.2 min in 2018; +60.5%)

Tsuga72,766 JPY/sq.m (+2% compared with the previous year)

The average price of Tsuga Land was 72,766 JPY/sq.m. The market value represents an increase of 1,169 JPY (+1.6%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents a decrease of 4 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 228.1 sq.m (a -12.7% decrease compared to the 261.2 sq.m of last year.).


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)