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 Jul, 2017 to Sep, 2017 was 90,068 JPY/sq.m. The market value represents a decrease of 10,169 JPY (-10.1%) compared to 1 year ago and a transition to a weak market. 73 properties exchanged hands ( The market value represents a decrease of 6 (-7.6%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 285.7 sq.m (a +6.4% increase compared to the 268.6 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; 10 stations have experienced decreased prices. Market value of most stations decreased. Katsutadai, Yu-Karigaoka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yu-Karigaoka station, where prices have increased +93.7% compared to last year; a sq.m unit now costs 94,651 JPY/sq.m.

The top 2 stations has seen prices increase +58.1% (+30,395 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.7% (-46,450 JPY/sq.m).

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 6.3% of total transactions in 2016 and 9.6% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.5% of total transactions in 2016 and 1.4% of total transactions in 2017)

Land stations market overview

The average price of Keiseitsudanuma Land, the highest market value along this railway was 229,467 JPY/sq.m. The market value represents an increase of 21,245 JPY (+10.2%) compared to 1 year ago and a transition to a bull market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Keiseishisui Land, the lowest market value along this railway was 20,000 JPY/sq.m. The market value represents an increase of 2,266 JPY (+12.8%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-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--62,500 JPYsq.m
(0.0160sq.m)
Ichikawamama-307,692 JPYsq.m
(0.065.0sq.m)
-
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama148,077 JPYsq.m
(0.0520sq.m)
166,667 JPYsq.m
(0.0120sq.m)
216,129 JPYsq.m
(0.0310sq.m)
Keiseinishifuna-210,811 JPYsq.m
(0.0185sq.m)
-
Kaijinn149,996 JPYsq.m
(0.0207sq.m)
187,037 JPYsq.m
(0.0105sq.m)
242,500 JPYsq.m
(0.0400sq.m)
Keiseifunabashi---
Daijinnguushita-92,857 JPYsq.m
(0.0140sq.m)
276,923 JPYsq.m
(0.065.0sq.m)
Funabashikeibajou193,548 JPYsq.m
(0.0155sq.m)
233,958 JPYsq.m
(0.0347sq.m)
-
Yatsu-226,032 JPYsq.m
(0.0150sq.m)
-
Keiseitsudanuma229,467 JPYsq.m
(0.0141sq.m)
208,222 JPYsq.m
(0.0190sq.m)
199,604 JPYsq.m
(0.0170sq.m)
Keiseiookubo127,564 JPYsq.m
(0.0204sq.m)
106,356 JPYsq.m
(0.0197sq.m)
153,254 JPYsq.m
(0.0119sq.m)
Mimomi60,276 JPYsq.m
(0.0112sq.m)
133,698 JPYsq.m
(0.0155sq.m)
86,319 JPYsq.m
(0.0187sq.m)
Yachiyodai73,387 JPYsq.m
(0.0344sq.m)
88,273 JPYsq.m
(0.0284sq.m)
90,648 JPYsq.m
(0.0322sq.m)
Keiseioowada---
Katsutadai81,777 JPYsq.m
(0.0314sq.m)
66,761 JPYsq.m
(0.0238sq.m)
55,772 JPYsq.m
(0.0234sq.m)
Shidu62,609 JPYsq.m
(0.0177sq.m)
67,446 JPYsq.m
(0.0173sq.m)
53,276 JPYsq.m
(0.0202sq.m)
Yu-Karigaoka94,651 JPYsq.m
(0.0211sq.m)
48,876 JPYsq.m
(0.0278sq.m)
107,143 JPYsq.m
(0.0278sq.m)
Keiseiusui50,354 JPYsq.m
(0.0656sq.m)
55,688 JPYsq.m
(0.0732sq.m)
47,065 JPYsq.m
(0.0382sq.m)
Keiseisakura28,750 JPYsq.m
(0.0340sq.m)
48,227 JPYsq.m
(0.0710sq.m)
26,485 JPYsq.m
(0.0381sq.m)
Oosakura---
Keiseishisui20,000 JPYsq.m
(0.0200sq.m)
17,734 JPYsq.m
(0.0142sq.m)
-
Sougosanndou--103,509 JPYsq.m
(0.0190sq.m)
Koudunomori39,345 JPYsq.m
(0.0194sq.m)
56,645 JPYsq.m
(0.0400sq.m)
52,317 JPYsq.m
(0.0496sq.m)
Keiseinarita34,522 JPYsq.m
(0.0551sq.m)
41,008 JPYsq.m
(0.0211sq.m)
151,898 JPYsq.m
(0.0340sq.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

Yu-Karigaoka94,651 JPY/sq.m (+94% compared with the previous year)

The average price of Yu-Karigaoka Land was 94,651 JPY/sq.m. The market value represents an increase of 45,775 JPY (+93.7%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 4 (+133.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 210.7 sq.m (a -24.3% decrease compared to the 278.3 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 13.3 min in 2016 and 15.3 min in 2017; +14.6%)

Katsutadai81,777 JPY/sq.m (+22% compared with the previous year)

The average price of Katsutadai Land was 81,777 JPY/sq.m. The market value represents an increase of 15,016 JPY (+22.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 1 (+12.5%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 314.4 sq.m (a +32.4% increase compared to the 237.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 32.4 min in 2016 and 25.3 min in 2017; -21.8%)

Mimomi60,276 JPY/sq.m (-55% compared with the previous year)

The average price of Mimomi Land was 60,276 JPY/sq.m. The market value represents a decrease of 73,422 JPY (-54.9%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 112.5 sq.m (a -27.4% decrease compared to the 155.0 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 25.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Keiseisakura28,750 JPY/sq.m (-40% compared with the previous year)

The average price of Keiseisakura Land was 28,750 JPY/sq.m. The market value represents a decrease of 19,477 JPY (-40.4%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 340.0 sq.m (a -52.1% decrease compared to the 710.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.8 min in 2016 and 19.0 min in 2017; +76.7%)

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)