Keisei Main Line railway market report

Keisei Main Line Land market overview

The average price of a sq.m Land of Keisei Main Line (Kounodai to Narita Airport), in Jan, 2015 to Mar, 2015 was 88,827 JPY/sq.m. The market value represents an increase of 14,524 JPY (+19.5%) compared to 1 year ago and a transition to a bull market. 42 properties exchanged hands ( The market value represents a decrease of 8 (-16.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 311.1 sq.m (a -19.9% decrease compared to the 388.4 sq.m of last year.).

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

6 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Katsutadai, Keiseinarita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keiseiookubo station, where prices have increased +109.3% compared to last year; a sq.m unit now costs 172,244 JPY/sq.m.

The top 2 stations has seen prices increase +106.6% (+64,464 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -10.1% (-10,717 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.4 min in 2014 and 15.0 min in 2015; -30.1%)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 8.0% of total transactions in 2014 and 7.1% of total transactions in 2015)

Breakdown of each segment

The table below shows Land dealt in Keisei Main Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Keiseiookubo, the highest market value along this railway was 172,244 JPY/sq.m. The market value represents an increase of 89,937 JPY (+109.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Keiseiusui, the lowest market value along this railway was 48,743 JPY/sq.m. The market value represents an increase of 4,855 JPY (+11.1%) compared to 1 year ago and a transition to a bull market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

Keisei Main Line (Stations Land market overview)
Keisei Main LineThis year(2015)1 year ago2 years ago
Kounodai--119,047 JPY (0.0Y/210.0sq.m)
Sugano---
Keiseinakayama---
Higashinakayama---
Keiseinishifuna---
Kaijinn223,076 JPY (0.0Y/130.0sq.m)--
Daijinnguushita--141,176 JPY (0.0Y/85.0sq.m)
Funabashikeibajou-184,615 JPY (0.0Y/130.0sq.m)190,476 JPY (0.0Y/210.0sq.m)
Yatsu-125,000 JPY (0.0Y/400.0sq.m)-
Keiseitsudanuma64,285 JPY (0.0Y/420.0sq.m)--
Keiseiookubo172,244 JPY (0.0Y/312.0sq.m)82,308 JPY (0.0Y/745.0sq.m)147,651 JPY (0.0Y/172.5sq.m)
Mimomi76,490 JPY (0.0Y/175.0sq.m)37,500 JPY (0.0Y/160.0sq.m)112,464 JPY (0.0Y/517.5sq.m)
Yachiyodai91,805 JPY (0.0Y/177.0sq.m)101,642 JPY (0.0Y/141.4sq.m)37,679 JPY (0.0Y/262.0sq.m)
Keiseioowada98,646 JPY (0.0Y/197.5sq.m)110,242 JPY (0.0Y/255.0sq.m)80,962 JPY (0.0Y/197.5sq.m)
Katsutadai62,307 JPY (0.0Y/173.3sq.m)51,504 JPY (0.0Y/155.8sq.m)47,710 JPY (0.0Y/696.9sq.m)
Shidu67,618 JPY (0.0Y/180.0sq.m)74,580 JPY (0.0Y/193.3sq.m)51,345 JPY (0.0Y/663.8sq.m)
Yu-Karigaoka88,112 JPY (0.0Y/366.7sq.m)-75,517 JPY (0.0Y/243.3sq.m)
Keiseiusui48,743 JPY (0.0Y/806.2sq.m)43,888 JPY (0.0Y/521.7sq.m)50,420 JPY (0.0Y/190.0sq.m)
Keiseisakura48,816 JPY (0.0Y/170.0sq.m)-41,952 JPY (0.0Y/481.7sq.m)
Oosakura---
Keiseishisui---
Sougosanndou---
Koudunomori78,114 JPY (0.0Y/418.6sq.m)70,139 JPY (0.0Y/649.1sq.m)108,048 JPY (0.0Y/576.0sq.m)
Keiseinarita56,250 JPY (0.0Y/160.0sq.m)30,200 JPY (0.0Y/340.0sq.m)-
Narita Airport---

*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.

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Noteworthy stations

Keiseiookubo172,244 JPY/sq.m (+109% compared with the previous year)

The average price of a sq.m Land of Keiseiookubo was 172,244 JPY/sq.m. The market value represents an increase of 89,937 JPY (+109.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 312.0 sq.m (a -58.1% decrease compared to the 745.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.7 min in 2014 and 11.4 min in 2015; -38.9%)

Mimomi76,490 JPY/sq.m (+104% compared with the previous year)

The average price of a sq.m Land of Mimomi was 76,490 JPY/sq.m. The market value represents an increase of 38,990 JPY (+104.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 175.0 sq.m (a +9.4% increase compared to the 160.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2014 and 20.5 min in 2015; +583.3%)

Keiseioowada98,646 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Land of Keiseioowada was 98,646 JPY/sq.m. The market value represents a decrease of 11,596 JPY (-10.5%) compared to 1 year ago and a transition to a weak 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 197.5 sq.m (a -22.5% decrease compared to the 255.0 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 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.3 min in 2014 and 9.0 min in 2015; +22.7%)

Yachiyodai91,805 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Yachiyodai was 91,805 JPY/sq.m. The market value represents a decrease of 9,837 JPY (-9.7%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 177.0 sq.m (a +25.2% increase compared to the 141.4 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 18.9 min in 2014 and 16.2 min in 2015; -14.1%)

Breakdown of each segment

Station:   Segment:

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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)