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 121,770 JPY/sq.m. The market value represents an increase of 24,350 JPY (+25.0%) compared to 1 year ago and a transition to a dramatic market. 38 properties exchanged hands ( The market value represents an increase of 11 (+40.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 273.8 sq.m (a -0.4% decrease compared to the 274.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

3 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Chiba, Oguradai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chiba station, where prices have increased +40.9% compared to last year; a sq.m unit now costs 159,800 JPY/sq.m.

The top 1 stations has seen prices increase +40.9% (+46,353 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -6.0% (-4,993 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.7% of total transactions in 2018 and 15.8% of total transactions in 2019)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.7 min in 2018 and 33.4 min in 2019; +35.0%)

Land stations market overview

The average price of Chibakouenn Land, the highest market value along this railway was 218,750 JPY/sq.m. The market value represents an increase of 31,793 JPY (+17.0%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average price of Tsuga Land, the lowest market value along this railway was 77,746 JPY/sq.m. The market value represents a decrease of 4,993 JPY (-6.0%) compared to 1 year ago and a transition to a bear market. 13 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.)
Chiba159,800 JPYsq.m
(0.0248sq.m)
113,446 JPYsq.m
(0.0364sq.m)
111,896 JPYsq.m
(0.0392sq.m)
Chibakouenn218,750 JPYsq.m
(0.0640sq.m)
186,957 JPYsq.m
(0.0230sq.m)
-
Sakusabe--120,000 JPYsq.m
(0.0150sq.m)
Supo-Tsusennta---88,889 JPYsq.m
(0.0180sq.m)
Doubutsukouenn---
Mitsuwadai148,202 JPYsq.m
(0.0265sq.m)
--
Tsuga77,746 JPYsq.m
(0.0297sq.m)
82,739 JPYsq.m
(0.0212sq.m)
80,372 JPYsq.m
(0.0238sq.m)
Sakuragi--91,398 JPYsq.m
(0.0930sq.m)
Oguradai82,063 JPYsq.m
(0.0257sq.m)
66,667 JPYsq.m
(0.0270sq.m)
58,124 JPYsq.m
(0.0353sq.m)
Chishirodaikita69,310 JPYsq.m
(0.0200sq.m)
--
Chishirodai-69,231 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

Chiba159,800 JPY/sq.m (+41% compared with the previous year)

The average price of Chiba Land was 159,800 JPY/sq.m. The market value represents an increase of 46,353 JPY (+40.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 7 (+70.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 247.6 sq.m (a -31.9% decrease compared to the 363.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 32.1 min in 2018 and 46.5 min in 2019; +44.8%)

Tsuga77,746 JPY/sq.m (-6% compared with the previous year)

The average price of Tsuga Land was 77,746 JPY/sq.m. The market value represents a decrease of 4,993 JPY (-6.0%) compared to 1 year ago and a transition to a bear market. 13 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 296.5 sq.m (a +40.2% increase compared to the 211.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 24.8 min in 2018 and 32.6 min in 2019; +31.7%)

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)