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 Oct, 2016 to Dec, 2016 was 101,789 JPY/sq.m. The market value represents an increase of 5,122 JPY (+5.3%) compared to 1 year ago and a transition to a strong market. 54 properties exchanged hands ( The market value represents an increase of 3 (+5.9%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 331.8 sq.m (a +28.7% increase compared to the 257.8 sq.m of last year.).

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

2 stations have experienced increased prices; 9 stations have experienced decreased prices. Market value of most stations decreased. Koudunomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Koudunomori station, where prices have increased +31.6% compared to last year; a sq.m unit now costs 46,878 JPY/sq.m.

The top 2 stations has seen prices increase +20.8% (+11,893 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -52.8% (-59,400 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.9 min in 2015 and 18.9 min in 2016; +35.9%)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 13.7% of total transactions in 2015 and 11.1% of total transactions in 2016)

Land stations market overview

The average price of a sq.m Land of Funabashikeibajou, the highest market value along this railway was 216,666 JPY/sq.m. The market value represents a decrease of 23,334 JPY (-9.7%) compared to 1 year ago and a transition to a bear market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) 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 36,000 JPY/sq.m. The market value represents a decrease of 23,383 JPY (-39.4%) compared to 1 year ago and a transition to a dramatic market. 2 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-95,238 JPYsq.m
(0.0210sq.m)
-
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama342,856 JPYsq.m
(0.0105sq.m)
--
Keiseinishifuna---
Kaijinn198,484 JPYsq.m
(0.0138sq.m)
208,696 JPYsq.m
(0.0120sq.m)
164,830 JPYsq.m
(0.0320sq.m)
Keiseifunabashi---
Daijinnguushita---
Funabashikeibajou216,666 JPYsq.m
(0.0120sq.m)
240,000 JPYsq.m
(0.0125sq.m)
151,923 JPYsq.m
(0.082.5sq.m)
Yatsu230,000 JPYsq.m
(0.0200sq.m)
--
Keiseitsudanuma241,250 JPYsq.m
(0.0140sq.m)
-158,238 JPYsq.m
(0.0108sq.m)
Keiseiookubo136,532 JPYsq.m
(0.0152sq.m)
124,000 JPYsq.m
(0.0133sq.m)
115,560 JPYsq.m
(0.0363sq.m)
Mimomi74,020 JPYsq.m
(0.0668sq.m)
128,904 JPYsq.m
(0.0118sq.m)
69,443 JPYsq.m
(0.0440sq.m)
Yachiyodai90,644 JPYsq.m
(0.0236sq.m)
138,824 JPYsq.m
(0.0135sq.m)
108,657 JPYsq.m
(0.0181sq.m)
Keiseioowada-101,799 JPYsq.m
(0.0130sq.m)
100,000 JPYsq.m
(0.050.0sq.m)
Katsutadai59,862 JPYsq.m
(0.0398sq.m)
69,876 JPYsq.m
(0.0198sq.m)
94,381 JPYsq.m
(0.0244sq.m)
Shidu56,550 JPYsq.m
(0.0154sq.m)
69,416 JPYsq.m
(0.0634sq.m)
53,609 JPYsq.m
(0.0357sq.m)
Yu-Karigaoka37,600 JPYsq.m
(0.0125sq.m)
101,515 JPYsq.m
(0.0225sq.m)
101,708 JPYsq.m
(0.0251sq.m)
Keiseiusui65,758 JPYsq.m
(0.0642sq.m)
68,769 JPYsq.m
(0.0317sq.m)
37,763 JPYsq.m
(0.0300sq.m)
Keiseisakura36,000 JPYsq.m
(0.0225sq.m)
59,383 JPYsq.m
(0.0152sq.m)
37,153 JPYsq.m
(0.0311sq.m)
Oosakura---
Keiseishisui20,000 JPYsq.m
(0.0500sq.m)
--
Sougosanndou-33,533 JPYsq.m
(0.0282sq.m)
-
Koudunomori46,878 JPYsq.m
(0.0192sq.m)
35,625 JPYsq.m
(0.01,600sq.m)
98,201 JPYsq.m
(0.0310sq.m)
Keiseinarita91,891 JPYsq.m
(0.0185sq.m)
-42,481 JPYsq.m
(0.0650sq.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

Koudunomori46,878 JPY/sq.m (+32% compared with the previous year)

The average price of a sq.m Land of Koudunomori was 46,878 JPY/sq.m. The market value represents an increase of 11,253 JPY (+31.6%) 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 191.7 sq.m (a -88.0% decrease compared to the 1600.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 21.0 min in 2015 and 56.3 min in 2016; +168.3%)

Keiseiookubo136,532 JPY/sq.m (+10% compared with the previous year)

The average price of a sq.m Land of Keiseiookubo was 136,532 JPY/sq.m. The market value represents an increase of 12,533 JPY (+10.1%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents an increase of 2 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 152.1 sq.m (a +14.4% increase compared to the 133.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 13.8 min in 2015 and 11.9 min in 2016; -14.1%)

Yu-Karigaoka37,600 JPY/sq.m (-63% compared with the previous year)

The average price of a sq.m Land of Yu-Karigaoka was 37,600 JPY/sq.m. The market value represents a decrease of 63,915 JPY (-63.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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 -44.4% decrease compared to the 225.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.3 min in 2015 and 15.0 min in 2016; +21.6%)

Mimomi74,020 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Land of Mimomi was 74,020 JPY/sq.m. The market value represents a decrease of 54,884 JPY (-42.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 668.1 sq.m (a +468.6% increase compared to the 117.5 sq.m of last year.).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2015 and 12.5% of total transactions in 2016)

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)