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 Apr, 2017 to Jun, 2017 was 100,070 JPY/sq.m. The market value represents an increase of 5,282 JPY (+5.6%) compared to 1 year ago and a transition to a strong market. 78 properties exchanged hands ( The market value represents a decrease of 12 (-13.3%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 252.8 sq.m (a -11.3% decrease compared to the 285.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was an increase in transactions involving relatively large size more than 100 sq.m.

9 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kaijinn, Keiseiookubo, Mimomi, Yu-Karigaoka, Keiseiusui, Keiseisakura 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 +322.6% compared to last year; a sq.m unit now costs 136,504 JPY/sq.m.

The top 2 stations has seen prices increase +181.0% (+77,810 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.7% (-42,905 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 2016 and 2.6% of total transactions in 2017)

Land stations market overview

The average price of Keiseitsudanuma Land, the highest market value along this railway was 241,023 JPY/sq.m. The market value represents an increase of 31,604 JPY (+15.1%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average price of Keiseisakura Land, the lowest market value along this railway was 35,473 JPY/sq.m. The market value represents an increase of 6,236 JPY (+21.3%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) 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--82,353 JPYsq.m
(0.0170sq.m)
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe274,074 JPYsq.m
(0.0135sq.m)
--
Keiseinakayama---
Higashinakayama-167,938 JPYsq.m
(0.0256sq.m)
208,966 JPYsq.m
(0.0162sq.m)
Keiseinishifuna---
Kaijinn181,923 JPYsq.m
(0.0192sq.m)
130,505 JPYsq.m
(0.0212sq.m)
157,895 JPYsq.m
(0.095.0sq.m)
Keiseifunabashi---
Daijinnguushita-161,538 JPYsq.m
(0.0130sq.m)
-
Funabashikeibajou-146,970 JPYsq.m
(0.095.0sq.m)
137,143 JPYsq.m
(0.0175sq.m)
Yatsu214,256 JPYsq.m
(0.0124sq.m)
340,000 JPYsq.m
(0.0100sq.m)
196,100 JPYsq.m
(0.0342sq.m)
Keiseitsudanuma241,023 JPYsq.m
(0.0214sq.m)
209,419 JPYsq.m
(0.0301sq.m)
231,468 JPYsq.m
(0.0223sq.m)
Keiseiookubo119,653 JPYsq.m
(0.0152sq.m)
97,991 JPYsq.m
(0.0202sq.m)
130,385 JPYsq.m
(0.0189sq.m)
Mimomi104,925 JPYsq.m
(0.0294sq.m)
77,785 JPYsq.m
(0.0272sq.m)
122,203 JPYsq.m
(0.0159sq.m)
Yachiyodai93,613 JPYsq.m
(0.0164sq.m)
125,688 JPYsq.m
(0.0184sq.m)
73,245 JPYsq.m
(0.0328sq.m)
Keiseioowada61,772 JPYsq.m
(0.0172sq.m)
83,333 JPYsq.m
(0.0142sq.m)
119,697 JPYsq.m
(0.0190sq.m)
Katsutadai47,063 JPYsq.m
(0.0448sq.m)
105,910 JPYsq.m
(0.0190sq.m)
73,093 JPYsq.m
(0.0215sq.m)
Shidu40,745 JPYsq.m
(0.0290sq.m)
67,708 JPYsq.m
(0.0155sq.m)
60,857 JPYsq.m
(0.0281sq.m)
Yu-Karigaoka114,672 JPYsq.m
(0.0190sq.m)
85,167 JPYsq.m
(0.0261sq.m)
74,748 JPYsq.m
(0.0172sq.m)
Keiseiusui59,932 JPYsq.m
(0.0212sq.m)
46,155 JPYsq.m
(0.0714sq.m)
47,593 JPYsq.m
(0.0290sq.m)
Keiseisakura35,473 JPYsq.m
(0.0472sq.m)
29,238 JPYsq.m
(0.0212sq.m)
52,013 JPYsq.m
(0.0160sq.m)
Oosakura---
Keiseishisui-35,606 JPYsq.m
(0.0428sq.m)
-
Sougosanndou-90,728 JPYsq.m
(0.0128sq.m)
102,857 JPYsq.m
(0.0175sq.m)
Koudunomori42,265 JPYsq.m
(0.0269sq.m)
41,783 JPYsq.m
(0.0430sq.m)
33,831 JPYsq.m
(0.0855sq.m)
Keiseinarita136,504 JPYsq.m
(0.0230sq.m)
32,302 JPYsq.m
(0.0490sq.m)
51,914 JPYsq.m
(0.0386sq.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

Keiseinarita136,504 JPY/sq.m (+323% compared with the previous year)

The average price of Keiseinarita Land was 136,504 JPY/sq.m. The market value represents an increase of 104,202 JPY (+322.6%) 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 size of the real estate was 230.0 sq.m (a -53.1% decrease compared to the 490.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 33.0 min in 2016 and 36.5 min in 2017; +10.6%)

Kaijinn181,923 JPY/sq.m (+39% compared with the previous year)

The average price of Kaijinn Land was 181,923 JPY/sq.m. The market value represents an increase of 51,418 JPY (+39.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 191.7 sq.m (a -9.8% decrease compared to the 212.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.5 min in 2016 and 4.0 min in 2017; -27.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2016 and 66.7% of total transactions in 2017)

Katsutadai47,063 JPY/sq.m (-56% compared with the previous year)

The average price of Katsutadai Land was 47,063 JPY/sq.m. The market value represents a decrease of 58,847 JPY (-55.6%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 5 (+125.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 448.1 sq.m (a +135.9% increase compared to the 190.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.2 min in 2016 and 37.2 min in 2017; +67.3%)

Shidu40,745 JPY/sq.m (-40% compared with the previous year)

The average price of Shidu Land was 40,745 JPY/sq.m. The market value represents a decrease of 26,963 JPY (-39.8%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 290.0 sq.m (a +87.1% increase compared to the 155.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.5 min in 2016 and 14.2 min in 2017; -23.2%)

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)