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 Jan, 2016 to Dec, 2016 was 90,972 JPY/sq.m. The market value represents an increase of 2,421 JPY (+2.7%) compared to 1 year ago and a transition to a slight market. 242 properties exchanged hands ( The market value represents an increase of 42 (+21.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.4 sq.m (a -2.2% decrease compared to the 297.1 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.

5 stations have experienced increased prices; 13 stations have experienced decreased prices. Market value of most stations decreased. Higashinakayama, Yachiyodai station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Yatsu station, where prices have increased +289.0% compared to last year; a sq.m unit now costs 271,855 JPY/sq.m.

The top 2 stations has seen prices increase +151.5% (+106,992 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -46.5% (-86,784 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.7 min in 2015 and 20.1 min in 2016; +28.0%)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.0% of total transactions in 2015 and 1.7% 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 Yatsu, the highest market value along this railway was 271,855 JPY/sq.m. The market value represents an increase of 201,976 JPY (+289.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Keiseinarita, the lowest market value along this railway was 37,475 JPY/sq.m. The market value represents a decrease of 23,844 JPY (-38.9%) compared to 1 year ago and a transition to a dramatic market. 8 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-80,030 JPY (0.0Y/180.0sq.m)-
Sugano---
Keiseinakayama---
Higashinakayama242,276 JPY (0.0Y/204.0sq.m)216,129 JPY (0.0Y/310.0sq.m)162,500 JPY (0.0Y/160.0sq.m)
Keiseinishifuna210,810 JPY (0.0Y/185.0sq.m)-215,384 JPY (0.0Y/130.0sq.m)
Kaijinn159,316 JPY (0.0Y/146.4sq.m)199,590 JPY (0.0Y/116.2sq.m)164,830 JPY (0.0Y/320.0sq.m)
Daijinnguushita127,198 JPY (0.0Y/135.0sq.m)276,923 JPY (0.0Y/65.0sq.m)-
Funabashikeibajou170,201 JPY (0.0Y/103.3sq.m)240,000 JPY (0.0Y/125.0sq.m)138,759 JPY (0.0Y/121.0sq.m)
Yatsu271,855 JPY (0.0Y/177.5sq.m)69,879 JPY (0.0Y/830.0sq.m)125,000 JPY (0.0Y/400.0sq.m)
Keiseitsudanuma211,568 JPY (0.0Y/400.5sq.m)222,984 JPY (0.0Y/212.5sq.m)162,393 JPY (0.0Y/146.0sq.m)
Keiseiookubo118,657 JPY (0.0Y/184.3sq.m)145,564 JPY (0.0Y/198.7sq.m)115,724 JPY (0.0Y/400.0sq.m)
Mimomi95,786 JPY (0.0Y/373.0sq.m)106,252 JPY (0.0Y/159.4sq.m)85,149 JPY (0.0Y/348.8sq.m)
Yachiyodai98,404 JPY (0.0Y/185.0sq.m)86,395 JPY (0.0Y/296.8sq.m)100,517 JPY (0.0Y/227.2sq.m)
Keiseioowada92,460 JPY (0.0Y/153.0sq.m)109,958 JPY (0.0Y/142.8sq.m)90,686 JPY (0.0Y/189.0sq.m)
Katsutadai69,728 JPY (0.0Y/296.7sq.m)66,761 JPY (0.0Y/188.0sq.m)82,200 JPY (0.0Y/197.0sq.m)
Shidu53,069 JPY (0.0Y/232.1sq.m)60,976 JPY (0.0Y/459.2sq.m)60,983 JPY (0.0Y/262.0sq.m)
Yu-Karigaoka68,105 JPY (0.0Y/297.7sq.m)95,700 JPY (0.0Y/280.4sq.m)114,395 JPY (0.0Y/235.0sq.m)
Keiseiusui56,330 JPY (0.0Y/482.0sq.m)58,451 JPY (0.0Y/423.9sq.m)47,505 JPY (0.0Y/319.6sq.m)
Keiseisakura39,913 JPY (0.0Y/523.9sq.m)39,357 JPY (0.0Y/271.9sq.m)44,600 JPY (0.0Y/395.0sq.m)
Oosakura---
Keiseishisui25,336 JPY (0.0Y/328.0sq.m)--
Sougosanndou52,452 JPY (0.0Y/249.0sq.m)68,521 JPY (0.0Y/235.8sq.m)-
Koudunomori45,732 JPY (0.0Y/404.5sq.m)68,263 JPY (0.0Y/651.1sq.m)80,972 JPY (0.0Y/438.3sq.m)
Keiseinarita37,475 JPY (0.0Y/329.4sq.m)61,319 JPY (0.0Y/342.5sq.m)41,402 JPY (0.0Y/510.3sq.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

Yatsu271,855 JPY/sq.m (+289% compared with the previous year)

The average price of a sq.m Land of Yatsu was 271,855 JPY/sq.m. The market value represents an increase of 201,976 JPY (+289.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 177.5 sq.m (a -78.6% 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 4.0 min in 2016; -63.6%)

Yachiyodai98,404 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Land of Yachiyodai was 98,404 JPY/sq.m. The market value represents an increase of 12,009 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 29 properties exchanged hands ( The market value represents an increase of 4 (+16.0%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 185.0 sq.m (a -37.7% decrease compared to the 296.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 15.3 min in 2015 and 17.1 min in 2016; +12.2%)

Daijinnguushita127,198 JPY/sq.m (-54% compared with the previous year)

The average price of a sq.m Land of Daijinnguushita was 127,198 JPY/sq.m. The market value represents a decrease of 149,726 JPY (-54.1%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 135.0 sq.m (a +107.7% 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 5.5 min in 2016; -31.2%)

Keiseinarita37,475 JPY/sq.m (-39% compared with the previous year)

The average price of a sq.m Land of Keiseinarita was 37,475 JPY/sq.m. The market value represents a decrease of 23,844 JPY (-38.9%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 329.4 sq.m (a -3.8% 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 22.4 min in 2015 and 34.1 min in 2016; +52.5%)

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)