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 Apr, 2019 to Jun, 2019 was 201,443 JPY/sq.m. The market value represents an increase of 71,352 JPY (+54.8%) compared to 1 year ago and a transition to a dramatic market. 27 properties exchanged hands ( The market value represents an increase of 14 (+107.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 341.7 sq.m (a -23.9% decrease compared to the 448.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 2 stations have experienced decreased prices. Market value of most stations decreased. Chiba 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 +66.7% compared to last year; a sq.m unit now costs 306,227 JPY/sq.m.

The top 1 stations has seen prices increase +66.7% (+122,497 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -62.3% (-68,971 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 26.5 min in 2018 and 18.3 min in 2019; -31.2%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.7% of total transactions in 2018 and 11.1% of total transactions in 2019)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 306,227 JPY/sq.m. The market value represents an increase of 122,497 JPY (+66.7%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 11 (+366.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Mitsuwadai Land, the lowest market value along this railway was 41,667 JPY/sq.m. The market value represents a decrease of 68,971 JPY (-62.3%) compared to 1 year ago and a transition to a dramatic market. 1 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.)
Chiba306,227 JPYsq.m
(0.0289sq.m)
183,730 JPYsq.m
(0.0762sq.m)
89,090 JPYsq.m
(0.0165sq.m)
Chibakouenn200,000 JPYsq.m
(0.0135sq.m)
233,277 JPYsq.m
(0.0122sq.m)
-
Sakusabe169,231 JPYsq.m
(0.0130sq.m)
--
Supo-Tsusennta----
Doubutsukouenn---
Mitsuwadai41,667 JPYsq.m
(0.0240sq.m)
110,638 JPYsq.m
(0.0470sq.m)
-
Tsuga79,852 JPYsq.m
(0.0490sq.m)
73,800 JPYsq.m
(0.0389sq.m)
94,444 JPYsq.m
(0.0180sq.m)
Sakuragi-120,000 JPYsq.m
(0.0500sq.m)
-
Oguradai22,222 JPYsq.m
(0.0270sq.m)
--
Chishirodaikita---
Chishirodai---

*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

Chiba306,227 JPY/sq.m (+67% compared with the previous year)

The average price of Chiba Land was 306,227 JPY/sq.m. The market value represents an increase of 122,497 JPY (+66.7%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 11 (+366.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 288.6 sq.m (a -62.1% decrease compared to the 761.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 38.7 min in 2018 and 19.6 min in 2019; -49.2%)

Mitsuwadai41,667 JPY/sq.m (-62% compared with the previous year)

The average price of Mitsuwadai Land was 41,667 JPY/sq.m. The market value represents a decrease of 68,971 JPY (-62.3%) 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 240.0 sq.m (a -48.9% decrease compared to the 470.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2018 and 11.0 min in 2019; +83.3%)

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)