Keisei Main Line railway market report

Keisei Main Line Land market overview

The average price of Keisei Main Line (Kounodai to Narita Airport) Land, in Jan, 2016 to Mar, 2016 was 76,526 JPY/sq.m. The market value represents a decrease of 12,300 JPY (-13.8%) compared to 1 year ago and a transition to a weak market. 63 properties exchanged hands ( The market value represents an increase of 21 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 271.1 sq.m (a -12.8% decrease compared to the 311.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

1 stations have experienced increased prices; 11 stations have experienced decreased prices. Market value of most stations decreased. Mimomi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mimomi station, where prices have increased +40.2% compared to last year; a sq.m unit now costs 107,261 JPY/sq.m.

The top 2 stations has seen prices increase +20.1% (+15,335 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -84.1% (-43,968 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 7.1% of total transactions in 2015 and 9.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.0 min in 2015 and 19.2 min in 2016; +28.6%)

Land stations market overview

The average price of Keiseiookubo Land, the highest market value along this railway was 158,314 JPY/sq.m. The market value represents a decrease of 13,930 JPY (-8.1%) compared to 1 year ago and a transition to a bear market. 5 properties exchanged hands (It was the same as last year.).

The average price of Keiseiusui Land, the lowest market value along this railway was 5,172 JPY/sq.m. The market value represents a decrease of 43,571 JPY (-89.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

Keisei Main Line (Stations Land market overview)
Keisei Main LineThis year(2016)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kounodai---
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama173,913 JPYsq.m
(0.0115sq.m)
--
Keiseinishifuna---
Kaijinn152,412 JPYsq.m
(0.0108sq.m)
223,076 JPYsq.m
(0.0130sq.m)
-
Keiseifunabashi---
Daijinnguushita---
Funabashikeibajou--184,615 JPYsq.m
(0.0130sq.m)
Yatsu177,419 JPYsq.m
(0.0310sq.m)
-125,000 JPYsq.m
(0.0400sq.m)
Keiseitsudanuma-64,285 JPYsq.m
(0.0420sq.m)
-
Keiseiookubo158,314 JPYsq.m
(0.0132sq.m)
172,244 JPYsq.m
(0.0312sq.m)
82,308 JPYsq.m
(0.0745sq.m)
Mimomi107,261 JPYsq.m
(0.0185sq.m)
76,490 JPYsq.m
(0.0175sq.m)
37,500 JPYsq.m
(0.0160sq.m)
Yachiyodai83,528 JPYsq.m
(0.0174sq.m)
91,805 JPYsq.m
(0.0177sq.m)
101,642 JPYsq.m
(0.0141sq.m)
Keiseioowada98,545 JPYsq.m
(0.0160sq.m)
98,646 JPYsq.m
(0.0198sq.m)
110,242 JPYsq.m
(0.0255sq.m)
Katsutadai54,170 JPYsq.m
(0.0305sq.m)
62,307 JPYsq.m
(0.0173sq.m)
51,504 JPYsq.m
(0.0156sq.m)
Shidu42,002 JPYsq.m
(0.0320sq.m)
67,618 JPYsq.m
(0.0180sq.m)
74,580 JPYsq.m
(0.0193sq.m)
Yu-Karigaoka56,128 JPYsq.m
(0.0363sq.m)
88,112 JPYsq.m
(0.0367sq.m)
-
Keiseiusui5,172 JPYsq.m
(0.0290sq.m)
48,743 JPYsq.m
(0.0806sq.m)
43,888 JPYsq.m
(0.0522sq.m)
Keiseisakura24,285 JPYsq.m
(0.0140sq.m)
48,816 JPYsq.m
(0.0170sq.m)
-
Oosakura---
Keiseishisui---
Sougosanndou26,936 JPYsq.m
(0.0330sq.m)
--
Koudunomori41,582 JPYsq.m
(0.0610sq.m)
78,114 JPYsq.m
(0.0419sq.m)
70,139 JPYsq.m
(0.0649sq.m)
Keiseinarita11,885 JPYsq.m
(0.0318sq.m)
56,250 JPYsq.m
(0.0160sq.m)
30,200 JPYsq.m
(0.0340sq.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.

Noteworthy stations

Mimomi107,261 JPY/sq.m (+40% compared with the previous year)

The average price of Mimomi Land was 107,261 JPY/sq.m. The market value represents an increase of 30,771 JPY (+40.2%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 185.0 sq.m (a +5.7% increase compared to the 175.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 20.5 min in 2015 and 13.7 min in 2016; -33.3%)

Keiseioowada98,545 JPY/sq.m (-0% compared with the previous year)

The average price of Keiseioowada Land was 98,545 JPY/sq.m. The market value represents a decrease of 101 JPY (-0.1%) compared to 1 year ago and a transition to a slight market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 160.0 sq.m (a -19.0% decrease compared to the 197.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2015 and 7.0 min in 2016; -22.2%)

Keiseiusui5,172 JPY/sq.m (-89% compared with the previous year)

The average price of Keiseiusui Land was 5,172 JPY/sq.m. The market value represents a decrease of 43,571 JPY (-89.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a -64.0% decrease compared to the 806.2 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 20.5 min in 2015 and 30.0 min in 2016; +46.3%)

Keiseinarita11,885 JPY/sq.m (-79% compared with the previous year)

The average price of Keiseinarita Land was 11,885 JPY/sq.m. The market value represents a decrease of 44,365 JPY (-78.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 317.5 sq.m (a +98.4% 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 6.0 min in 2015 and 39.0 min in 2016; +550.0%)

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)