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 Jan, 2018 to Dec, 2018 was 120,871 JPY/sq.m. The market value represents an increase of 26,875 JPY (+28.6%) compared to 1 year ago and a transition to a dramatic market. 79 properties exchanged hands ( The market value represents an increase of 8 (+11.3%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 389.9 sq.m (a +36.5% increase compared to the 285.6 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.

6 stations have experienced increased prices; 1 stations have experienced decreased prices. The overall trend was toward increased prices. Chiba, Mitsuwadai, Tsuga, Sakuragi, Oguradai 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 +95.5% compared to last year; a sq.m unit now costs 110,638 JPY/sq.m.

The top 2 stations has seen prices increase +68.0% (+36,636 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -11.1% (-10,510 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.5% of total transactions in 2017 and 3.8% of total transactions in 2018)

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

Top

Land stations market overview

The average price of a sq.m Land of Chiba, the highest market value along this railway was 151,942 JPY/sq.m. The market value represents an increase of 27,913 JPY (+22.5%) compared to 1 year ago and a transition to a dramatic market. 37 properties exchanged hands ( The market value represents an increase of 3 (+8.8%) compared to 1 year ago and a transition to a strong market.).

The average price of a sq.m Land of Chishirodai, the lowest market value along this railway was 64,615 JPY/sq.m. The market value represents a decrease of 24,032 JPY (-27.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-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)1 year ago2 years ago
Chiba151,942 JPY (0.0Y/301.2sq.m)124,029 JPY (0.0Y/288.1sq.m)116,314 JPY (0.0Y/238.0sq.m)
Chibakouenn231,708 JPY (0.0Y/128.3sq.m)-197,142 JPY (0.0Y/307.5sq.m)
Supo-Tsusennta--88,888 JPY (0.0Y/180.0sq.m)100,000 JPY (0.0Y/170.0sq.m)
Doubutsukouenn---
Mitsuwadai110,638 JPY (0.0Y/470.0sq.m)56,603 JPY (0.0Y/530.0sq.m)100,000 JPY (0.0Y/200.0sq.m)
Tsuga78,258 JPY (0.0Y/494.7sq.m)64,944 JPY (0.0Y/280.5sq.m)67,537 JPY (0.0Y/262.3sq.m)
Sakuragi84,000 JPY (0.0Y/500.0sq.m)69,565 JPY (0.0Y/115.0sq.m)87,070 JPY (0.0Y/107.5sq.m)
Oguradai66,666 JPY (0.0Y/1135.0sq.m)47,428 JPY (0.0Y/475.0sq.m)71,578 JPY (0.0Y/340.7sq.m)
Chishirodaikita65,512 JPY (0.0Y/225.0sq.m)62,500 JPY (0.0Y/240.0sq.m)41,509 JPY (0.0Y/530.0sq.m)
Chishirodai64,615 JPY (0.0Y/255.0sq.m)88,647 JPY (0.0Y/205.0sq.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.

Top

Noteworthy stations

Mitsuwadai110,638 JPY/sq.m (+95% compared with the previous year)

The average price of a sq.m Land of Mitsuwadai was 110,638 JPY/sq.m. The market value represents an increase of 54,035 JPY (+95.5%) 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 -11.3% decrease compared to the 530.0 sq.m of last year.).

Oguradai66,666 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Land of Oguradai was 66,666 JPY/sq.m. The market value represents an increase of 19,238 JPY (+40.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 1135.0 sq.m (a +138.9% increase compared to the 475.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2017 and 7.0 min in 2018; +40.0%)

Chishirodai64,615 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Land of Chishirodai was 64,615 JPY/sq.m. The market value represents a decrease of 24,032 JPY (-27.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 255.0 sq.m (a +24.4% increase compared to the 205.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.7 min in 2017 and 8.5 min in 2018; +82.1%)

Chishirodaikita65,512 JPY/sq.m (+5% compared with the previous year)

The average price of a sq.m Land of Chishirodaikita was 65,512 JPY/sq.m. The market value represents an increase of 3,012 JPY (+4.8%) compared to 1 year ago and a transition to a some market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 225.0 sq.m (a -6.2% decrease compared to the 240.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2017 and 6.0 min in 2018; +20.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2017 and 33.3% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

Top

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)