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 Dec, 2015 was 88,551 JPY/sq.m. The market value represents an increase of 3,389 JPY (+4.0%) compared to 1 year ago and a transition to a some market. 200 properties exchanged hands ( The market value represents a decrease of 28 (-12.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 297.1 sq.m (a -7.2% decrease compared to the 320.0 sq.m of last year.).

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

9 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Higashinakayama, Kaijinn, Funabashikeibajou, Keiseitsudanuma, Keiseiookubo, Mimomi, Keiseioowada, Keiseiusui, Keiseinarita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Funabashikeibajou station, where prices have increased +73.0% compared to last year; a sq.m unit now costs 240,000 JPY/sq.m.

The top 2 stations has seen prices increase +60.5% (+60,579 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -31.4% (-35,280 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 7.0% of total transactions in 2014 and 8.5% 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 Funabashikeibajou, the highest market value along this railway was 240,000 JPY/sq.m. The market value represents an increase of 101,241 JPY (+73.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Keiseisakura, the lowest market value along this railway was 39,357 JPY/sq.m. The market value represents a decrease of 5,243 JPY (-11.8%) compared to 1 year ago and a transition to a weak market. 18 properties exchanged hands ( The market value represents an increase of 3 (+20.0%) 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
Kounodai80,030 JPY (0.0Y/180.0sq.m)-119,047 JPY (0.0Y/210.0sq.m)
Sugano--275,000 JPY (0.0Y/120.0sq.m)
Keiseinakayama---
Higashinakayama216,129 JPY (0.0Y/310.0sq.m)162,500 JPY (0.0Y/160.0sq.m)-
Keiseinishifuna-215,384 JPY (0.0Y/130.0sq.m)-
Kaijinn199,590 JPY (0.0Y/116.2sq.m)164,830 JPY (0.0Y/320.0sq.m)133,333 JPY (0.0Y/180.0sq.m)
Daijinnguushita276,923 JPY (0.0Y/65.0sq.m)-214,509 JPY (0.0Y/73.3sq.m)
Funabashikeibajou240,000 JPY (0.0Y/125.0sq.m)138,759 JPY (0.0Y/121.0sq.m)189,119 JPY (0.0Y/333.3sq.m)
Yatsu69,879 JPY (0.0Y/830.0sq.m)125,000 JPY (0.0Y/400.0sq.m)167,229 JPY (0.0Y/257.5sq.m)
Keiseitsudanuma222,984 JPY (0.0Y/212.5sq.m)162,393 JPY (0.0Y/146.0sq.m)233,778 JPY (0.0Y/130.0sq.m)
Keiseiookubo145,564 JPY (0.0Y/198.7sq.m)115,724 JPY (0.0Y/400.0sq.m)140,994 JPY (0.0Y/174.4sq.m)
Mimomi106,252 JPY (0.0Y/159.4sq.m)85,149 JPY (0.0Y/348.8sq.m)98,511 JPY (0.0Y/274.1sq.m)
Yachiyodai86,395 JPY (0.0Y/296.8sq.m)100,517 JPY (0.0Y/227.2sq.m)86,106 JPY (0.0Y/279.6sq.m)
Keiseioowada109,958 JPY (0.0Y/142.8sq.m)90,686 JPY (0.0Y/189.0sq.m)94,424 JPY (0.0Y/157.9sq.m)
Katsutadai66,761 JPY (0.0Y/188.0sq.m)82,200 JPY (0.0Y/197.0sq.m)81,893 JPY (0.0Y/331.3sq.m)
Shidu60,976 JPY (0.0Y/459.2sq.m)60,983 JPY (0.0Y/262.0sq.m)80,590 JPY (0.0Y/336.2sq.m)
Yu-Karigaoka95,700 JPY (0.0Y/280.4sq.m)114,395 JPY (0.0Y/235.0sq.m)110,421 JPY (0.0Y/235.4sq.m)
Keiseiusui58,451 JPY (0.0Y/423.9sq.m)47,505 JPY (0.0Y/319.6sq.m)55,473 JPY (0.0Y/322.2sq.m)
Keiseisakura39,357 JPY (0.0Y/271.9sq.m)44,600 JPY (0.0Y/395.0sq.m)42,692 JPY (0.0Y/312.2sq.m)
Oosakura--5,571 JPY (0.0Y/335.0sq.m)
Keiseishisui--41,973 JPY (0.0Y/200.0sq.m)
Sougosanndou68,521 JPY (0.0Y/235.8sq.m)-5,658 JPY (0.0Y/757.5sq.m)
Koudunomori68,263 JPY (0.0Y/651.1sq.m)80,972 JPY (0.0Y/438.3sq.m)74,411 JPY (0.0Y/626.6sq.m)
Keiseinarita61,319 JPY (0.0Y/342.5sq.m)41,402 JPY (0.0Y/510.3sq.m)37,127 JPY (0.0Y/499.1sq.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

Funabashikeibajou240,000 JPY/sq.m (+73% compared with the previous year)

The average price of a sq.m Land of Funabashikeibajou was 240,000 JPY/sq.m. The market value represents an increase of 101,241 JPY (+73.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 125.0 sq.m (a +3.3% increase compared to the 121.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.2 min in 2014 and 6.0 min in 2015; +42.9%)

Keiseinarita61,319 JPY/sq.m (+48% compared with the previous year)

The average price of a sq.m Land of Keiseinarita was 61,319 JPY/sq.m. The market value represents an increase of 19,917 JPY (+48.1%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 8 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 342.5 sq.m (a -32.9% decrease compared to the 510.3 sq.m of last year.).

Yatsu69,879 JPY/sq.m (-44% compared with the previous year)

The average price of a sq.m Land of Yatsu was 69,879 JPY/sq.m. The market value represents a decrease of 55,121 JPY (-44.1%) 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 830.0 sq.m (a +107.5% increase compared to the 400.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2014 and 11.0 min in 2015; +37.5%)

Katsutadai66,761 JPY/sq.m (-19% compared with the previous year)

The average price of a sq.m Land of Katsutadai was 66,761 JPY/sq.m. The market value represents a decrease of 15,438 JPY (-18.8%) compared to 1 year ago and a transition to a weak market. 23 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 188.0 sq.m (a -4.5% decrease compared to the 197.0 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 4.3% of total transactions in 2014 and 8.7% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.6 min in 2014 and 27.3 min in 2015; +39.3%)

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)