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 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)

Land stations market overview

The average price of Yatsu Land, 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 Keiseinarita Land, 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kounodai-80,030 JPYsq.m
(0.0180sq.m)
-
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama242,276 JPYsq.m
(0.0204sq.m)
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)
Kaijinn159,316 JPYsq.m
(0.0146sq.m)
199,590 JPYsq.m
(0.0116sq.m)
164,830 JPYsq.m
(0.0320sq.m)
Keiseifunabashi---
Daijinnguushita127,198 JPYsq.m
(0.0135sq.m)
276,923 JPYsq.m
(0.065.0sq.m)
-
Funabashikeibajou170,201 JPYsq.m
(0.0103sq.m)
240,000 JPYsq.m
(0.0125sq.m)
138,759 JPYsq.m
(0.0121sq.m)
Yatsu271,855 JPYsq.m
(0.0178sq.m)
69,879 JPYsq.m
(0.0830sq.m)
125,000 JPYsq.m
(0.0400sq.m)
Keiseitsudanuma211,568 JPYsq.m
(0.0400sq.m)
222,984 JPYsq.m
(0.0212sq.m)
162,393 JPYsq.m
(0.0146sq.m)
Keiseiookubo118,657 JPYsq.m
(0.0184sq.m)
145,564 JPYsq.m
(0.0199sq.m)
115,724 JPYsq.m
(0.0400sq.m)
Mimomi95,786 JPYsq.m
(0.0373sq.m)
106,252 JPYsq.m
(0.0159sq.m)
85,149 JPYsq.m
(0.0349sq.m)
Yachiyodai98,404 JPYsq.m
(0.0185sq.m)
86,395 JPYsq.m
(0.0297sq.m)
100,517 JPYsq.m
(0.0227sq.m)
Keiseioowada92,460 JPYsq.m
(0.0153sq.m)
109,958 JPYsq.m
(0.0143sq.m)
90,686 JPYsq.m
(0.0189sq.m)
Katsutadai69,728 JPYsq.m
(0.0297sq.m)
66,761 JPYsq.m
(0.0188sq.m)
82,200 JPYsq.m
(0.0197sq.m)
Shidu53,069 JPYsq.m
(0.0232sq.m)
60,976 JPYsq.m
(0.0459sq.m)
60,983 JPYsq.m
(0.0262sq.m)
Yu-Karigaoka68,105 JPYsq.m
(0.0298sq.m)
95,700 JPYsq.m
(0.0280sq.m)
114,395 JPYsq.m
(0.0235sq.m)
Keiseiusui56,330 JPYsq.m
(0.0482sq.m)
58,451 JPYsq.m
(0.0424sq.m)
47,505 JPYsq.m
(0.0320sq.m)
Keiseisakura39,913 JPYsq.m
(0.0524sq.m)
39,357 JPYsq.m
(0.0272sq.m)
44,600 JPYsq.m
(0.0395sq.m)
Oosakura---
Keiseishisui25,336 JPYsq.m
(0.0328sq.m)
--
Sougosanndou52,452 JPYsq.m
(0.0249sq.m)
68,521 JPYsq.m
(0.0236sq.m)
-
Koudunomori45,732 JPYsq.m
(0.0404sq.m)
68,263 JPYsq.m
(0.0651sq.m)
80,972 JPYsq.m
(0.0438sq.m)
Keiseinarita37,475 JPYsq.m
(0.0329sq.m)
61,319 JPYsq.m
(0.0342sq.m)
41,402 JPYsq.m
(0.0510sq.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

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

The average price of Yatsu Land 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 Yachiyodai Land 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 Daijinnguushita Land 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 Keiseinarita Land 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:

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)