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 Apr, 2016 to Jun, 2016 was 93,982 JPY/sq.m. The market value represents an increase of 4,948 JPY (+5.6%) compared to 1 year ago and a transition to a strong market. 80 properties exchanged hands ( The market value represents an increase of 29 (+56.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 281.1 sq.m (a -1.9% decrease compared to the 286.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

6 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Yachiyodai, Katsutadai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yatsu station, where prices have increased +386.6% compared to last year; a sq.m unit now costs 340,000 JPY/sq.m.

The top 2 stations has seen prices increase +241.6% (+165,936 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.7% (-40,874 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.2 min in 2015 and 19.6 min in 2016; +29.2%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.8% of total transactions in 2015 and 7.5% of total transactions in 2016)

Land stations market overview

The average price of Yatsu Land, the highest market value along this railway was 340,000 JPY/sq.m. The market value represents an increase of 270,121 JPY (+386.6%) 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 price of Keiseisakura Land, the lowest market value along this railway was 29,237 JPY/sq.m. The market value represents a decrease of 22,776 JPY (-43.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

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-82,352 JPYsq.m
(0.0170sq.m)
-
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama175,877 JPYsq.m
(0.0348sq.m)
--
Keiseinishifuna---
Kaijinn130,504 JPYsq.m
(0.0212sq.m)
157,894 JPYsq.m
(0.095.0sq.m)
-
Keiseifunabashi---
Daijinnguushita161,538 JPYsq.m
(0.0130sq.m)
--
Funabashikeibajou146,969 JPYsq.m
(0.095.0sq.m)
--
Yatsu340,000 JPYsq.m
(0.0100sq.m)
69,879 JPYsq.m
(0.0830sq.m)
-
Keiseitsudanuma209,419 JPYsq.m
(0.0301sq.m)
272,916 JPYsq.m
(0.0160sq.m)
141,176 JPYsq.m
(0.0170sq.m)
Keiseiookubo97,990 JPYsq.m
(0.0202sq.m)
159,677 JPYsq.m
(0.0215sq.m)
148,792 JPYsq.m
(0.0165sq.m)
Mimomi77,784 JPYsq.m
(0.0272sq.m)
122,203 JPYsq.m
(0.0159sq.m)
102,994 JPYsq.m
(0.0195sq.m)
Yachiyodai125,647 JPYsq.m
(0.0192sq.m)
63,896 JPYsq.m
(0.0377sq.m)
100,049 JPYsq.m
(0.0259sq.m)
Keiseioowada83,333 JPYsq.m
(0.0142sq.m)
141,666 JPYsq.m
(0.0120sq.m)
88,235 JPYsq.m
(0.0170sq.m)
Katsutadai105,909 JPYsq.m
(0.0190sq.m)
87,875 JPYsq.m
(0.0155sq.m)
123,122 JPYsq.m
(0.0259sq.m)
Shidu59,180 JPYsq.m
(0.0157sq.m)
53,066 JPYsq.m
(0.0534sq.m)
24,771 JPYsq.m
(0.0387sq.m)
Yu-Karigaoka85,167 JPYsq.m
(0.0261sq.m)
74,747 JPYsq.m
(0.0172sq.m)
117,771 JPYsq.m
(0.0190sq.m)
Keiseiusui56,245 JPYsq.m
(0.0385sq.m)
51,947 JPYsq.m
(0.0301sq.m)
55,020 JPYsq.m
(0.0247sq.m)
Keiseisakura29,237 JPYsq.m
(0.0212sq.m)
52,013 JPYsq.m
(0.0160sq.m)
4,666 JPYsq.m
(0.01,500sq.m)
Oosakura---
Keiseishisui35,606 JPYsq.m
(0.0428sq.m)
--
Sougosanndou90,727 JPYsq.m
(0.0128sq.m)
--
Koudunomori41,038 JPYsq.m
(0.0476sq.m)
77,419 JPYsq.m
(0.0155sq.m)
106,926 JPYsq.m
(0.0250sq.m)
Keiseinarita32,301 JPYsq.m
(0.0490sq.m)
77,669 JPYsq.m
(0.0500sq.m)
47,619 JPYsq.m
(0.01,210sq.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

Yatsu340,000 JPY/sq.m (+387% compared with the previous year)

The average price of Yatsu Land was 340,000 JPY/sq.m. The market value represents an increase of 270,121 JPY (+386.6%) 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 100.0 sq.m (a -88.0% decrease compared to the 830.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.0 min in 2015 and 2.0 min in 2016; -81.8%)

Yachiyodai125,647 JPY/sq.m (+97% compared with the previous year)

The average price of Yachiyodai Land was 125,647 JPY/sq.m. The market value represents an increase of 61,752 JPY (+96.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents a decrease of 1 (-11.1%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 191.9 sq.m (a -49.1% decrease compared to the 376.7 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 18.2 min in 2015 and 15.5 min in 2016; -14.9%)

Keiseinarita32,301 JPY/sq.m (-58% compared with the previous year)

The average price of Keiseinarita Land was 32,301 JPY/sq.m. The market value represents a decrease of 45,368 JPY (-58.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 490.0 sq.m (a -2.0% decrease compared to the 500.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 16.0 min in 2015 and 33.0 min in 2016; +106.2%)

Koudunomori41,038 JPY/sq.m (-47% compared with the previous year)

The average price of Koudunomori Land was 41,038 JPY/sq.m. The market value represents a decrease of 36,381 JPY (-47.0%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 13 (+1300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 475.7 sq.m (a +206.9% increase compared to the 155.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2015 and 38.6 min in 2016; +250.6%)

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)