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 Jul, 2016 to Sep, 2016 was 92,870 JPY/sq.m. The market value represents an increase of 12,489 JPY (+15.5%) compared to 1 year ago and a transition to a bull market. 45 properties exchanged hands ( The market value represents a decrease of 11 (-19.6%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 284.6 sq.m (a -14.3% decrease compared to the 331.9 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.

6 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Mimomi, Shidu, Keiseiusui station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keiseisakura station, where prices have increased +155.4% compared to last year; a sq.m unit now costs 67,653 JPY/sq.m.

The top 2 stations has seen prices increase +133.9% (+40,187 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -49.8% (-138,776 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 3.6% of total transactions in 2015 and 4.4% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.3 min in 2015 and 23.5 min in 2016; +28.3%)
  • An decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.4% of total transactions in 2015 and 4.4% of total transactions in 2016)

Land stations market overview

The average price of Keiseitsudanuma Land, the highest market value along this railway was 188,333 JPY/sq.m. The market value represents a decrease of 93,485 JPY (-33.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Keiseinarita Land, the lowest market value along this railway was 43,618 JPY/sq.m. The market value represents a decrease of 6,704 JPY (-13.3%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) 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-62,500 JPYsq.m
(0.0160sq.m)
-
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama-216,129 JPYsq.m
(0.0310sq.m)
162,500 JPYsq.m
(0.0160sq.m)
Keiseinishifuna210,810 JPYsq.m
(0.0185sq.m)
-215,384 JPYsq.m
(0.0130sq.m)
Kaijinn---
Keiseifunabashi---
Daijinnguushita92,857 JPYsq.m
(0.0140sq.m)
276,923 JPYsq.m
(0.065.0sq.m)
-
Funabashikeibajou--102,666 JPYsq.m
(0.0155sq.m)
Yatsu340,000 JPYsq.m
(0.0100sq.m)
--
Keiseitsudanuma188,333 JPYsq.m
(0.0773sq.m)
281,818 JPYsq.m
(0.0110sq.m)
177,155 JPYsq.m
(0.0172sq.m)
Keiseiookubo95,756 JPYsq.m
(0.0238sq.m)
127,627 JPYsq.m
(0.0108sq.m)
100,114 JPYsq.m
(0.0365sq.m)
Mimomi153,627 JPYsq.m
(0.0130sq.m)
93,424 JPYsq.m
(0.0186sq.m)
102,390 JPYsq.m
(0.0382sq.m)
Yachiyodai93,341 JPYsq.m
(0.0151sq.m)
94,239 JPYsq.m
(0.0319sq.m)
90,805 JPYsq.m
(0.0331sq.m)
Keiseioowada--77,579 JPYsq.m
(0.0181sq.m)
Katsutadai74,097 JPYsq.m
(0.0192sq.m)
34,892 JPYsq.m
(0.0227sq.m)
79,062 JPYsq.m
(0.0176sq.m)
Shidu72,386 JPYsq.m
(0.0161sq.m)
53,276 JPYsq.m
(0.0202sq.m)
63,873 JPYsq.m
(0.0233sq.m)
Yu-Karigaoka-103,571 JPYsq.m
(0.0301sq.m)
123,705 JPYsq.m
(0.0264sq.m)
Keiseiusui60,606 JPYsq.m
(0.0165sq.m)
49,342 JPYsq.m
(0.0570sq.m)
66,012 JPYsq.m
(0.0175sq.m)
Keiseisakura67,653 JPYsq.m
(0.01,163sq.m)
26,484 JPYsq.m
(0.0381sq.m)
61,184 JPYsq.m
(0.0322sq.m)
Oosakura---
Keiseishisui17,734 JPYsq.m
(0.0142sq.m)
--
Sougosanndou-103,509 JPYsq.m
(0.0190sq.m)
-
Koudunomori56,999 JPYsq.m
(0.0206sq.m)
56,896 JPYsq.m
(0.0886sq.m)
67,092 JPYsq.m
(0.0395sq.m)
Keiseinarita43,618 JPYsq.m
(0.0172sq.m)
50,323 JPYsq.m
(0.0270sq.m)
47,294 JPYsq.m
(0.0298sq.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

Keiseisakura67,653 JPY/sq.m (+155% compared with the previous year)

The average price of Keiseisakura Land was 67,653 JPY/sq.m. The market value represents an increase of 41,169 JPY (+155.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 6 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1163.3 sq.m (a +205.2% increase compared to the 381.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.6 min in 2015 and 11.3 min in 2016; -31.5%)

Katsutadai74,097 JPY/sq.m (+112% compared with the previous year)

The average price of Katsutadai Land was 74,097 JPY/sq.m. The market value represents an increase of 39,206 JPY (+112.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 192.0 sq.m (a -15.4% decrease compared to the 227.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 41.2 min in 2015 and 32.6 min in 2016; -20.9%)

Daijinnguushita92,857 JPY/sq.m (-66% compared with the previous year)

The average price of Daijinnguushita Land was 92,857 JPY/sq.m. The market value represents a decrease of 184,066 JPY (-66.5%) 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 140.0 sq.m (a +115.4% increase compared to the 65.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2015 and 3.0 min in 2016; -62.5%)

Keiseitsudanuma188,333 JPY/sq.m (-33% compared with the previous year)

The average price of Keiseitsudanuma Land was 188,333 JPY/sq.m. The market value represents a decrease of 93,485 JPY (-33.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 773.3 sq.m (a +603.0% increase compared to the 110.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.0 min in 2015 and 11.0 min in 2016; +266.7%)

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)