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 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 the same as last year. 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)

Land stations market overview

The average price of Chiba Land, 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 Chishirodai Land, 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba151,942 JPYsq.m
(0.0301sq.m)
124,029 JPYsq.m
(0.0288sq.m)
116,314 JPYsq.m
(0.0238sq.m)
Chibakouenn231,708 JPYsq.m
(0.0128sq.m)
-197,142 JPYsq.m
(0.0308sq.m)
Sakusabe---
Supo-Tsusennta--88,888 JPYsq.m
(0.0180sq.m)
100,000 JPYsq.m
(0.0170sq.m)
Doubutsukouenn---
Mitsuwadai110,638 JPYsq.m
(0.0470sq.m)
56,603 JPYsq.m
(0.0530sq.m)
100,000 JPYsq.m
(0.0200sq.m)
Tsuga78,258 JPYsq.m
(0.0495sq.m)
64,944 JPYsq.m
(0.0281sq.m)
67,537 JPYsq.m
(0.0262sq.m)
Sakuragi84,000 JPYsq.m
(0.0500sq.m)
69,565 JPYsq.m
(0.0115sq.m)
87,070 JPYsq.m
(0.0108sq.m)
Oguradai66,666 JPYsq.m
(0.01,135sq.m)
47,428 JPYsq.m
(0.0475sq.m)
71,578 JPYsq.m
(0.0341sq.m)
Chishirodaikita65,512 JPYsq.m
(0.0225sq.m)
62,500 JPYsq.m
(0.0240sq.m)
41,509 JPYsq.m
(0.0530sq.m)
Chishirodai64,615 JPYsq.m
(0.0255sq.m)
88,647 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 (+95% compared with the previous year)

The average price of Mitsuwadai Land 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 Oguradai Land 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 Chishirodai Land 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 Chishirodaikita Land 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:

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)