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 Sep, 2019 was 152,943 JPY/sq.m. The market value represents an increase of 32,071 JPY (+26.5%) compared to 1 year ago and a transition to a dramatic market. 66 properties exchanged hands ( The market value represents a decrease of 13 (-16.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 314.7 sq.m (a -19.3% decrease compared to the 389.9 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; 4 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 +48.5% compared to last year; a sq.m unit now costs 225,705 JPY/sq.m.

The top 2 stations has seen prices increase +28.6% (+39,709 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.2% (-33,389 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 3.8% of total transactions in 2018 and 9.1% of total transactions in 2019)

Land stations market overview

The average price of Chiba Land, the highest market value along this railway was 225,705 JPY/sq.m. The market value represents an increase of 73,763 JPY (+48.5%) compared to 1 year ago and a transition to a dramatic market. 32 properties exchanged hands ( The market value represents a decrease of 5 (-13.5%) compared to 1 year ago and a transition to a weak market.).

The average price of Oguradai Land, the lowest market value along this railway was 22,222 JPY/sq.m. The market value represents a decrease of 44,444 JPY (-66.7%) 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.).

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.)
Chiba225,705 JPYsq.m
(0.0293sq.m)
151,942 JPYsq.m
(0.0301sq.m)
124,029 JPYsq.m
(0.0288sq.m)
Chibakouenn209,375 JPYsq.m
(0.0388sq.m)
231,708 JPYsq.m
(0.0128sq.m)
-
Sakusabe169,231 JPYsq.m
(0.0130sq.m)
--
Supo-Tsusennta---88,888 JPYsq.m
(0.0180sq.m)
Doubutsukouenn---
Mitsuwadai101,389 JPYsq.m
(0.0300sq.m)
110,638 JPYsq.m
(0.0470sq.m)
56,603 JPYsq.m
(0.0530sq.m)
Tsuga73,706 JPYsq.m
(0.0353sq.m)
78,258 JPYsq.m
(0.0495sq.m)
64,944 JPYsq.m
(0.0281sq.m)
Sakuragi-84,000 JPYsq.m
(0.0500sq.m)
69,565 JPYsq.m
(0.0115sq.m)
Oguradai22,222 JPYsq.m
(0.0270sq.m)
66,666 JPYsq.m
(0.01,135sq.m)
47,428 JPYsq.m
(0.0475sq.m)
Chishirodaikita71,167 JPYsq.m
(0.0210sq.m)
65,512 JPYsq.m
(0.0225sq.m)
62,500 JPYsq.m
(0.0240sq.m)
Chishirodai-64,615 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

Chiba225,705 JPY/sq.m (+49% compared with the previous year)

The average price of Chiba Land was 225,705 JPY/sq.m. The market value represents an increase of 73,763 JPY (+48.5%) compared to 1 year ago and a transition to a dramatic market. 32 properties exchanged hands ( The market value represents a decrease of 5 (-13.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 293.3 sq.m (a -2.6% decrease compared to the 301.2 sq.m of last year.).

Chishirodaikita71,167 JPY/sq.m (+9% compared with the previous year)

The average price of Chishirodaikita Land was 71,167 JPY/sq.m. The market value represents an increase of 5,655 JPY (+8.6%) compared to 1 year ago and a transition to a strong 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 210.0 sq.m (a -6.7% decrease compared to the 225.0 sq.m of last year.).

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 33.3% of total transactions in 2018 and 50.0% of total transactions in 2019)

Oguradai22,222 JPY/sq.m (-67% compared with the previous year)

The average price of Oguradai Land was 22,222 JPY/sq.m. The market value represents a decrease of 44,444 JPY (-66.7%) 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 270.0 sq.m (a -76.2% decrease compared to the 1135.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2018 and 9.0 min in 2019; +28.6%)

Chibakouenn209,375 JPY/sq.m (-10% compared with the previous year)

The average price of Chibakouenn Land was 209,375 JPY/sq.m. The market value represents a decrease of 22,333 JPY (-9.6%) compared to 1 year ago and a transition to a bear 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 387.5 sq.m (a +201.9% increase compared to the 128.3 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 4.7 min in 2018 and 4.0 min in 2019; -14.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 66.7% of total transactions in 2018 and 100.0% of total transactions in 2019)

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)