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 73,780 JPY/sq.m. The market value represents a decrease of 2,746 JPY (-3.6%) compared to 1 year ago and a transition to a some market. 22 properties exchanged hands ( The market value represents a decrease of 41 (-65.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 258.6 sq.m (a -4.6% decrease compared to the 271.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

4 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Shidu 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 +572.3% compared to last year; a sq.m unit now costs 79,898 JPY/sq.m.

The top 2 stations has seen prices increase +442.1% (+42,073 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -64.2% (-63,742 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 19.2 min in 2016 and 17.3 min in 2017; -10.1%)

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 9.5% of total transactions in 2016 and 4.5% of total transactions in 2017)

Land stations market overview

The average price of Koudunomori Land, the highest market value along this railway was 86,363 JPY/sq.m. The market value represents an increase of 44,781 JPY (+107.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Yu-Karigaoka Land, the lowest market value along this railway was 14,545 JPY/sq.m. The market value represents a decrease of 41,583 JPY (-74.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) 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---
Kaijinn-152,412 JPYsq.m
(0.0108sq.m)
223,076 JPYsq.m
(0.0130sq.m)
Keiseifunabashi---
Daijinnguushita272,727 JPYsq.m
(0.0110sq.m)
--
Funabashikeibajou---
Yatsu-177,419 JPYsq.m
(0.0310sq.m)
-
Keiseitsudanuma161,538 JPYsq.m
(0.0260sq.m)
-64,285 JPYsq.m
(0.0420sq.m)
Keiseiookubo72,414 JPYsq.m
(0.0290sq.m)
158,314 JPYsq.m
(0.0132sq.m)
172,244 JPYsq.m
(0.0312sq.m)
Mimomi69,647 JPYsq.m
(0.0183sq.m)
107,261 JPYsq.m
(0.0185sq.m)
76,490 JPYsq.m
(0.0175sq.m)
Yachiyodai73,864 JPYsq.m
(0.0275sq.m)
83,528 JPYsq.m
(0.0174sq.m)
91,805 JPYsq.m
(0.0177sq.m)
Keiseioowada46,153 JPYsq.m
(0.0130sq.m)
98,545 JPYsq.m
(0.0160sq.m)
98,646 JPYsq.m
(0.0198sq.m)
Katsutadai-54,170 JPYsq.m
(0.0305sq.m)
62,307 JPYsq.m
(0.0173sq.m)
Shidu57,518 JPYsq.m
(0.0117sq.m)
42,002 JPYsq.m
(0.0320sq.m)
67,618 JPYsq.m
(0.0180sq.m)
Yu-Karigaoka14,545 JPYsq.m
(0.01,100sq.m)
56,128 JPYsq.m
(0.0363sq.m)
88,112 JPYsq.m
(0.0367sq.m)
Keiseiusui21,304 JPYsq.m
(0.0460sq.m)
5,172 JPYsq.m
(0.0290sq.m)
48,743 JPYsq.m
(0.0806sq.m)
Keiseisakura23,697 JPYsq.m
(0.0295sq.m)
24,285 JPYsq.m
(0.0140sq.m)
48,816 JPYsq.m
(0.0170sq.m)
Oosakura---
Keiseishisui---
Sougosanndou-26,936 JPYsq.m
(0.0330sq.m)
-
Koudunomori86,363 JPYsq.m
(0.0220sq.m)
41,582 JPYsq.m
(0.0610sq.m)
78,114 JPYsq.m
(0.0419sq.m)
Keiseinarita79,898 JPYsq.m
(0.0212sq.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

Keiseinarita79,898 JPY/sq.m (+572% compared with the previous year)

The average price of Keiseinarita Land was 79,898 JPY/sq.m. The market value represents an increase of 68,014 JPY (+572.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 212.5 sq.m (a -33.1% 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 22.0 min in 2017; -43.6%)

Keiseiusui21,304 JPY/sq.m (+312% compared with the previous year)

The average price of Keiseiusui Land was 21,304 JPY/sq.m. The market value represents an increase of 16,132 JPY (+311.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 460.0 sq.m (a +58.6% increase compared to the 290.0 sq.m of last year.).

Yu-Karigaoka14,545 JPY/sq.m (-74% compared with the previous year)

The average price of Yu-Karigaoka Land was 14,545 JPY/sq.m. The market value represents a decrease of 41,583 JPY (-74.1%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1100.0 sq.m (a +202.8% increase compared to the 363.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 18.2 min in 2016 and 30.0 min in 2017; +65.1%)

Keiseiookubo72,414 JPY/sq.m (-54% compared with the previous year)

The average price of Keiseiookubo Land was 72,414 JPY/sq.m. The market value represents a decrease of 85,901 JPY (-54.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a +119.7% increase compared to the 132.0 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 40.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

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)