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 Oct, 2016 to Dec, 2016 was 99,399 JPY/sq.m. The market value represents an increase of 17,113 JPY (+20.8%) compared to 1 year ago and a transition to a dramatic market. 72 properties exchanged hands ( The market value represents a decrease of 23 (-24.2%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 310.7 sq.m (a +7.0% increase compared to the 290.5 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.

7 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Kaijinn, Katsutadai, 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 +44.8% compared to last year; a sq.m unit now costs 43,912 JPY/sq.m.

The top 2 stations has seen prices increase +34.6% (+26,294 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.6% (-22,431 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.1% of total transactions in 2015 and 2.8% of total transactions in 2016)

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 10.5% of total transactions in 2015 and 8.3% of total transactions in 2016)

Land stations market overview

The average price of Yatsu Land, the highest market value along this railway was 230,000 JPY/sq.m. The market value represents a decrease of 30,000 JPY (-11.5%) compared to 1 year ago and a transition to a weak 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 30,019 JPY/sq.m. The market value represents a decrease of 20,151 JPY (-40.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) 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-95,238 JPYsq.m
(0.0210sq.m)
-
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama342,858 JPYsq.m
(0.0105sq.m)
-180,000 JPYsq.m
(0.0100sq.m)
Keiseinishifuna---
Kaijinn198,484 JPYsq.m
(0.0138sq.m)
159,489 JPYsq.m
(0.0342sq.m)
170,366 JPYsq.m
(0.0372sq.m)
Keiseifunabashi---
Daijinnguushita---
Funabashikeibajou216,667 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)
260,000 JPYsq.m
(0.0100sq.m)
161,905 JPYsq.m
(0.0420sq.m)
Keiseitsudanuma215,443 JPYsq.m
(0.0250sq.m)
-158,238 JPYsq.m
(0.0108sq.m)
Keiseiookubo136,625 JPYsq.m
(0.0166sq.m)
135,662 JPYsq.m
(0.0131sq.m)
115,561 JPYsq.m
(0.0363sq.m)
Mimomi74,020 JPYsq.m
(0.0478sq.m)
98,730 JPYsq.m
(0.0148sq.m)
69,096 JPYsq.m
(0.0402sq.m)
Yachiyodai84,055 JPYsq.m
(0.0497sq.m)
110,222 JPYsq.m
(0.0323sq.m)
102,857 JPYsq.m
(0.0328sq.m)
Keiseioowada-98,974 JPYsq.m
(0.0136sq.m)
76,702 JPYsq.m
(0.0132sq.m)
Katsutadai86,000 JPYsq.m
(0.0344sq.m)
70,767 JPYsq.m
(0.0267sq.m)
74,131 JPYsq.m
(0.0272sq.m)
Shidu62,239 JPYsq.m
(0.0178sq.m)
69,417 JPYsq.m
(0.0634sq.m)
60,270 JPYsq.m
(0.0344sq.m)
Yu-Karigaoka105,220 JPYsq.m
(0.0468sq.m)
101,466 JPYsq.m
(0.0187sq.m)
71,849 JPYsq.m
(0.0336sq.m)
Keiseiusui65,759 JPYsq.m
(0.0642sq.m)
61,353 JPYsq.m
(0.0330sq.m)
33,870 JPYsq.m
(0.0292sq.m)
Keiseisakura30,019 JPYsq.m
(0.0235sq.m)
50,171 JPYsq.m
(0.0312sq.m)
43,025 JPYsq.m
(0.0299sq.m)
Oosakura---
Keiseishisui20,000 JPYsq.m
(0.0500sq.m)
-41,278 JPYsq.m
(0.0198sq.m)
Sougosanndou-24,083 JPYsq.m
(0.0318sq.m)
61,691 JPYsq.m
(0.0205sq.m)
Koudunomori43,912 JPYsq.m
(0.0198sq.m)
30,319 JPYsq.m
(0.0522sq.m)
83,716 JPYsq.m
(0.0304sq.m)
Keiseinarita47,164 JPYsq.m
(0.0189sq.m)
43,680 JPYsq.m
(0.0296sq.m)
51,631 JPYsq.m
(0.0202sq.m)
Narita Airport-15,116 JPYsq.m
(0.0430sq.m)
-

*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

Koudunomori43,912 JPY/sq.m (+45% compared with the previous year)

The average price of Koudunomori Land was 43,912 JPY/sq.m. The market value represents an increase of 13,593 JPY (+44.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 4 (-44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 198.0 sq.m (a -62.0% decrease compared to the 521.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 36.3 min in 2015 and 57.8 min in 2016; +59.1%)

Kaijinn198,484 JPY/sq.m (+24% compared with the previous year)

The average price of Kaijinn Land was 198,484 JPY/sq.m. The market value represents an increase of 38,996 JPY (+24.5%) compared to 1 year ago and a transition to a dramatic 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.).

The average size of the real estate was 137.5 sq.m (a -59.9% decrease compared to the 342.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.5 min in 2015 and 8.5 min in 2016; +30.8%)

Keiseisakura30,019 JPY/sq.m (-40% compared with the previous year)

The average price of Keiseisakura Land was 30,019 JPY/sq.m. The market value represents a decrease of 20,151 JPY (-40.2%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 235.0 sq.m (a -24.6% decrease compared to the 311.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 13.7 min in 2015 and 16.5 min in 2016; +20.7%)

Mimomi74,020 JPY/sq.m (-25% compared with the previous year)

The average price of Mimomi Land was 74,020 JPY/sq.m. The market value represents a decrease of 24,710 JPY (-25.0%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 1 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 477.9 sq.m (a +223.2% increase compared to the 147.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.4 min in 2015 and 11.1 min in 2016; -27.9%)

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% 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)