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, 2017 to Mar, 2017 was 94,858 JPY/sq.m. The market value represents an increase of 11,747 JPY (+14.1%) compared to 1 year ago and a transition to a bull market. 71 properties exchanged hands ( The market value represents a decrease of 28 (-28.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 246.3 sq.m (a +1.4% increase compared to the 242.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

12 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was the same as last year. Yatsu, Keiseitsudanuma, Katsutadai, Shidu, Yu-Karigaoka, Keiseiusui, Sougosanndou, Koudunomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keiseinarita station, where prices have increased +423.1% compared to last year; a sq.m unit now costs 62,173 JPY/sq.m.

The top 2 stations has seen prices increase +316.5% (+101,153 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -45.4% (-35,530 JPY/sq.m).

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 11.1% of total transactions in 2016 and 5.6% of total transactions in 2017)

Land stations market overview

The average price of Yatsu Land, the highest market value along this railway was 235,829 JPY/sq.m. The market value represents an increase of 54,095 JPY (+29.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Keiseisakura Land, the lowest market value along this railway was 21,671 JPY/sq.m. The market value represents a decrease of 19,063 JPY (-46.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Keisei Main Line (Stations Land market overview)
Keisei Main LineThis year(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kounodai---
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama-173,913 JPYsq.m
(0.0115sq.m)
-
Keiseinishifuna---
Kaijinn197,427 JPYsq.m
(0.0257sq.m)
187,480 JPYsq.m
(0.0184sq.m)
223,077 JPYsq.m
(0.0130sq.m)
Keiseifunabashi---
Daijinnguushita224,432 JPYsq.m
(0.0212sq.m)
72,414 JPYsq.m
(0.0290sq.m)
-
Funabashikeibajou---
Yatsu235,829 JPYsq.m
(0.097.5sq.m)
181,734 JPYsq.m
(0.0258sq.m)
380,000 JPYsq.m
(0.0100sq.m)
Keiseitsudanuma148,812 JPYsq.m
(0.0464sq.m)
115,299 JPYsq.m
(0.0135sq.m)
108,614 JPYsq.m
(0.0465sq.m)
Keiseiookubo95,599 JPYsq.m
(0.0259sq.m)
126,596 JPYsq.m
(0.0124sq.m)
172,245 JPYsq.m
(0.0312sq.m)
Mimomi66,196 JPYsq.m
(0.0179sq.m)
118,194 JPYsq.m
(0.0208sq.m)
70,694 JPYsq.m
(0.0168sq.m)
Yachiyodai101,440 JPYsq.m
(0.0214sq.m)
99,238 JPYsq.m
(0.0180sq.m)
101,066 JPYsq.m
(0.0179sq.m)
Keiseioowada64,732 JPYsq.m
(0.0160sq.m)
85,219 JPYsq.m
(0.0172sq.m)
98,646 JPYsq.m
(0.0198sq.m)
Katsutadai101,092 JPYsq.m
(0.0210sq.m)
50,969 JPYsq.m
(0.0405sq.m)
63,593 JPYsq.m
(0.0175sq.m)
Shidu56,974 JPYsq.m
(0.0228sq.m)
40,406 JPYsq.m
(0.0242sq.m)
59,182 JPYsq.m
(0.0553sq.m)
Yu-Karigaoka111,846 JPYsq.m
(0.0379sq.m)
78,777 JPYsq.m
(0.0299sq.m)
88,112 JPYsq.m
(0.0367sq.m)
Keiseiusui68,546 JPYsq.m
(0.0420sq.m)
48,103 JPYsq.m
(0.0371sq.m)
43,462 JPYsq.m
(0.0359sq.m)
Keiseisakura21,671 JPYsq.m
(0.0267sq.m)
40,734 JPYsq.m
(0.0204sq.m)
48,816 JPYsq.m
(0.0170sq.m)
Oosakura---
Keiseishisui---
Sougosanndou44,000 JPYsq.m
(0.050.0sq.m)
26,937 JPYsq.m
(0.0330sq.m)
100,000 JPYsq.m
(0.0200sq.m)
Koudunomori51,061 JPYsq.m
(0.0309sq.m)
38,394 JPYsq.m
(0.0355sq.m)
81,143 JPYsq.m
(0.0444sq.m)
Keiseinarita62,173 JPYsq.m
(0.0180sq.m)
11,885 JPYsq.m
(0.0318sq.m)
56,250 JPYsq.m
(0.0160sq.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

Keiseinarita62,173 JPY/sq.m (+423% compared with the previous year)

The average price of Keiseinarita Land was 62,173 JPY/sq.m. The market value represents an increase of 50,288 JPY (+423.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 5 (+250.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 180.0 sq.m (a -43.3% decrease compared to the 317.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 39.0 min in 2016 and 27.1 min in 2017; -30.4%)

Daijinnguushita224,432 JPY/sq.m (+210% compared with the previous year)

The average price of Daijinnguushita Land was 224,432 JPY/sq.m. The market value represents an increase of 152,018 JPY (+209.9%) 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 211.7 sq.m (a -27.0% decrease compared to the 290.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2016 and 6.7 min in 2017; +33.3%)

Keiseisakura21,671 JPY/sq.m (-47% compared with the previous year)

The average price of Keiseisakura Land was 21,671 JPY/sq.m. The market value represents a decrease of 19,063 JPY (-46.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 266.7 sq.m (a +30.6% increase compared to the 204.2 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 24.5 min in 2016 and 20.0 min in 2017; -18.4%)

Mimomi66,196 JPY/sq.m (-44% compared with the previous year)

The average price of Mimomi Land was 66,196 JPY/sq.m. The market value represents a decrease of 51,998 JPY (-44.0%) 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 178.8 sq.m (a -13.9% decrease compared to the 207.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.2 min in 2016 and 16.9 min in 2017; +37.8%)

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)