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 Jan, 2018 to Dec, 2018 was 114,092 JPY/sq.m. The market value represents an increase of 17,540 JPY (+18.2%) compared to 1 year ago and a transition to a bull market. 114 properties exchanged hands ( The market value represents a decrease of 52 (-31.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 272.5 sq.m (a -10.8% decrease compared to the 305.5 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.

5 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Mitsuwadai, Sakuragi 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 +79.5% compared to last year; a sq.m unit now costs 110,638 JPY/sq.m.

The top 2 stations has seen prices increase +56.4% (+36,025 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -13.8% (-12,532 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 6.0% of total transactions in 2017 and 3.5% of total transactions in 2018)

Land stations market overview

The average price of Chibakouenn Land, the highest market value along this railway was 211,871 JPY/sq.m. The market value represents a decrease of 1,032 JPY (-0.5%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Chishirodai Land, the lowest market value along this railway was 64,616 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba135,021 JPYsq.m
(0.0283sq.m)
114,431 JPYsq.m
(0.0312sq.m)
114,498 JPYsq.m
(0.0291sq.m)
Chibakouenn211,871 JPYsq.m
(0.0167sq.m)
212,903 JPYsq.m
(0.0155sq.m)
197,143 JPYsq.m
(0.0308sq.m)
Sakusabe-120,000 JPYsq.m
(0.0150sq.m)
275,862 JPYsq.m
(0.0145sq.m)
Supo-Tsusennta--88,889 JPYsq.m
(0.0180sq.m)
81,579 JPYsq.m
(0.01,035sq.m)
Doubutsukouenn---
Mitsuwadai110,638 JPYsq.m
(0.0470sq.m)
61,636 JPYsq.m
(0.0355sq.m)
111,364 JPYsq.m
(0.0210sq.m)
Tsuga81,262 JPYsq.m
(0.0260sq.m)
77,478 JPYsq.m
(0.0305sq.m)
66,055 JPYsq.m
(0.0333sq.m)
Sakuragi92,335 JPYsq.m
(0.0354sq.m)
69,286 JPYsq.m
(0.0379sq.m)
87,071 JPYsq.m
(0.0108sq.m)
Oguradai66,667 JPYsq.m
(0.0270sq.m)
66,711 JPYsq.m
(0.0284sq.m)
73,774 JPYsq.m
(0.0339sq.m)
Chishirodaikita65,512 JPYsq.m
(0.0225sq.m)
62,500 JPYsq.m
(0.0240sq.m)
66,588 JPYsq.m
(0.0385sq.m)
Chishirodai64,616 JPYsq.m
(0.0255sq.m)
88,648 JPYsq.m
(0.0205sq.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

Mitsuwadai110,638 JPY/sq.m (+80% compared with the previous year)

The average price of Mitsuwadai Land was 110,638 JPY/sq.m. The market value represents an increase of 49,002 JPY (+79.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 470.0 sq.m (a +32.4% increase compared to the 355.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.5 min in 2017 and 6.0 min in 2018; -20.0%)

Sakuragi92,335 JPY/sq.m (+33% compared with the previous year)

The average price of Sakuragi Land was 92,335 JPY/sq.m. The market value represents an increase of 23,048 JPY (+33.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 354.0 sq.m (a -6.5% decrease compared to the 378.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 7.5 min in 2017 and 8.6 min in 2018; +14.7%)

Chishirodai64,616 JPY/sq.m (-27% compared with the previous year)

The average price of Chishirodai Land was 64,616 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%)

Chibakouenn211,871 JPY/sq.m (-0% compared with the previous year)

The average price of Chibakouenn Land was 211,871 JPY/sq.m. The market value represents a decrease of 1,032 JPY (-0.5%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 167.0 sq.m (a +7.7% increase compared to the 155.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 2.0 min in 2017 and 4.2 min in 2018; +110.0%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 100.0% of total transactions in 2017 and 20.0% of total transactions in 2018)

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)