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)

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 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)1 year ago2 years ago
Kounodai-95,238 JPY (0.0Y/210.0sq.m)-
Sugano---
Keiseinakayama---
Higashinakayama342,856 JPY (0.0Y/105.0sq.m)--
Keiseinishifuna---
Kaijinn198,484 JPY (0.0Y/137.5sq.m)208,696 JPY (0.0Y/120.0sq.m)164,830 JPY (0.0Y/320.0sq.m)
Daijinnguushita---
Funabashikeibajou216,666 JPY (0.0Y/120.0sq.m)240,000 JPY (0.0Y/125.0sq.m)151,923 JPY (0.0Y/82.5sq.m)
Yatsu230,000 JPY (0.0Y/200.0sq.m)--
Keiseitsudanuma241,250 JPY (0.0Y/140.0sq.m)-158,238 JPY (0.0Y/107.5sq.m)
Keiseiookubo136,532 JPY (0.0Y/152.1sq.m)124,000 JPY (0.0Y/133.0sq.m)115,560 JPY (0.0Y/362.9sq.m)
Mimomi74,020 JPY (0.0Y/668.1sq.m)128,904 JPY (0.0Y/117.5sq.m)69,443 JPY (0.0Y/440.0sq.m)
Yachiyodai90,644 JPY (0.0Y/236.0sq.m)138,824 JPY (0.0Y/135.0sq.m)108,657 JPY (0.0Y/181.0sq.m)
Keiseioowada-101,799 JPY (0.0Y/130.0sq.m)100,000 JPY (0.0Y/50.0sq.m)
Katsutadai59,862 JPY (0.0Y/397.8sq.m)69,876 JPY (0.0Y/198.1sq.m)94,381 JPY (0.0Y/243.8sq.m)
Shidu56,550 JPY (0.0Y/153.8sq.m)69,416 JPY (0.0Y/633.8sq.m)53,609 JPY (0.0Y/357.0sq.m)
Yu-Karigaoka37,600 JPY (0.0Y/125.0sq.m)101,515 JPY (0.0Y/225.0sq.m)101,708 JPY (0.0Y/251.2sq.m)
Keiseiusui65,758 JPY (0.0Y/642.0sq.m)68,769 JPY (0.0Y/316.7sq.m)37,763 JPY (0.0Y/300.0sq.m)
Keiseisakura36,000 JPY (0.0Y/225.0sq.m)59,383 JPY (0.0Y/152.5sq.m)37,153 JPY (0.0Y/311.2sq.m)
Oosakura---
Keiseishisui20,000 JPY (0.0Y/500.0sq.m)--
Sougosanndou-33,533 JPY (0.0Y/281.7sq.m)-
Koudunomori46,878 JPY (0.0Y/191.7sq.m)35,625 JPY (0.0Y/1600.0sq.m)98,201 JPY (0.0Y/310.5sq.m)
Keiseinarita91,891 JPY (0.0Y/185.0sq.m)-42,481 JPY (0.0Y/650.0sq.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

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:

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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)