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, 2019 to Mar, 2019 was 124,770 JPY/sq.m. The market value represents an increase of 47,809 JPY (+62.1%) compared to 1 year ago and a transition to a dramatic market. 24 properties exchanged hands ( The market value represents an increase of 7 (+41.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 279.6 sq.m (a -29.4% decrease compared to the 395.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

1 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 +124.5% (+94,208 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -29.9% (-23,861 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.4 min in 2018 and 35.1 min in 2019; +32.8%)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 169,848 JPY/sq.m. The market value represents an increase of 94,208 JPY (+124.5%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) 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 55,838 JPY/sq.m. The market value represents a decrease of 23,861 JPY (-29.9%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands (It was the same as last year.).

Chiba Monorail Line 2 (Stations Land market overview)
Chiba Monorail Line 2This year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Chiba169,848 JPYsq.m
(0.0290sq.m)
75,639 JPYsq.m
(0.0482sq.m)
168,758 JPYsq.m
(0.0392sq.m)
Chibakouenn218,750 JPYsq.m
(0.0640sq.m)
--
Sakusabe---
Supo-Tsusennta---88,888 JPYsq.m
(0.0180sq.m)
Doubutsukouenn---
Mitsuwadai161,111 JPYsq.m
(0.0360sq.m)
--
Tsuga55,838 JPYsq.m
(0.0222sq.m)
79,698 JPYsq.m
(0.0199sq.m)
63,895 JPYsq.m
(0.0299sq.m)
Sakuragi---
Oguradai-66,666 JPYsq.m
(0.01,135sq.m)
22,857 JPYsq.m
(0.0700sq.m)
Chishirodaikita73,913 JPYsq.m
(0.0230sq.m)
--
Chishirodai-69,230 JPYsq.m
(0.0260sq.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

Chiba169,848 JPY/sq.m (+125% compared with the previous year)

The average price of Chiba Land was 169,848 JPY/sq.m. The market value represents an increase of 94,208 JPY (+124.5%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands ( The market value represents an increase of 7 (+140.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.4 sq.m (a -39.7% decrease compared to the 482.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 36.0 min in 2018 and 46.1 min in 2019; +28.0%)

Tsuga55,838 JPY/sq.m (-30% compared with the previous year)

The average price of Tsuga Land was 55,838 JPY/sq.m. The market value represents a decrease of 23,861 JPY (-29.9%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 221.7 sq.m (a +11.5% increase compared to the 198.9 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 27.7 min in 2018 and 30.9 min in 2019; +11.6%)

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)