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 Oct, 2017 to Dec, 2017 was 95,245 JPY/sq.m. The market value represents a decrease of 6,543 JPY (-6.4%) compared to 1 year ago and a transition to a bear market. 26 properties exchanged hands ( The market value represents a decrease of 28 (-51.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 179.0 sq.m (a -46.0% decrease compared to the 331.8 sq.m of last year.).

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

6 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Katsutadai, Shidu, Yu-Karigaoka, Keiseisakura station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shidu station, where prices have increased +75.9% compared to last year; a sq.m unit now costs 99,497 JPY/sq.m.

The top 2 stations has seen prices increase +74.7% (+35,266 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -35.4% (-26,281 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 11.1% of total transactions in 2016 and 15.4% of total transactions in 2017)

Land stations market overview

The average price of Keiseitsudanuma Land, the highest market value along this railway was 236,363 JPY/sq.m. The market value represents a decrease of 4,887 JPY (-2.0%) compared to 1 year ago and a transition to a slight 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.).

The average price of Keiseiusui Land, the lowest market value along this railway was 35,000 JPY/sq.m. The market value represents a decrease of 30,758 JPY (-46.8%) 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.).

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--95,238 JPYsq.m
(0.0210sq.m)
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama-342,856 JPYsq.m
(0.0105sq.m)
-
Keiseinishifuna---
Kaijinn204,000 JPYsq.m
(0.0195sq.m)
198,484 JPYsq.m
(0.0138sq.m)
208,696 JPYsq.m
(0.0120sq.m)
Keiseifunabashi---
Daijinnguushita---
Funabashikeibajou-216,666 JPYsq.m
(0.0120sq.m)
240,000 JPYsq.m
(0.0125sq.m)
Yatsu-230,000 JPYsq.m
(0.0200sq.m)
-
Keiseitsudanuma236,363 JPYsq.m
(0.0110sq.m)
241,250 JPYsq.m
(0.0140sq.m)
-
Keiseiookubo127,336 JPYsq.m
(0.0112sq.m)
136,532 JPYsq.m
(0.0152sq.m)
124,000 JPYsq.m
(0.0133sq.m)
Mimomi76,688 JPYsq.m
(0.0200sq.m)
74,020 JPYsq.m
(0.0668sq.m)
128,904 JPYsq.m
(0.0118sq.m)
Yachiyodai68,841 JPYsq.m
(0.0251sq.m)
90,644 JPYsq.m
(0.0236sq.m)
138,824 JPYsq.m
(0.0135sq.m)
Keiseioowada--101,799 JPYsq.m
(0.0130sq.m)
Katsutadai77,163 JPYsq.m
(0.0192sq.m)
59,862 JPYsq.m
(0.0398sq.m)
69,876 JPYsq.m
(0.0198sq.m)
Shidu99,497 JPYsq.m
(0.0137sq.m)
56,550 JPYsq.m
(0.0154sq.m)
69,416 JPYsq.m
(0.0634sq.m)
Yu-Karigaoka65,185 JPYsq.m
(0.0135sq.m)
37,600 JPYsq.m
(0.0125sq.m)
101,515 JPYsq.m
(0.0225sq.m)
Keiseiusui35,000 JPYsq.m
(0.0100sq.m)
65,758 JPYsq.m
(0.0642sq.m)
68,769 JPYsq.m
(0.0317sq.m)
Keiseisakura45,864 JPYsq.m
(0.0175sq.m)
36,000 JPYsq.m
(0.0225sq.m)
59,383 JPYsq.m
(0.0152sq.m)
Oosakura---
Keiseishisui-20,000 JPYsq.m
(0.0500sq.m)
-
Sougosanndou--33,533 JPYsq.m
(0.0282sq.m)
Koudunomori-46,878 JPYsq.m
(0.0192sq.m)
35,625 JPYsq.m
(0.01,600sq.m)
Keiseinarita-91,891 JPYsq.m
(0.0185sq.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

Shidu99,497 JPY/sq.m (+76% compared with the previous year)

The average price of Shidu Land was 99,497 JPY/sq.m. The market value represents an increase of 42,948 JPY (+75.9%) 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 136.7 sq.m (a -11.1% decrease compared to the 153.8 sq.m of last year.).

Yu-Karigaoka65,185 JPY/sq.m (+73% compared with the previous year)

The average price of Yu-Karigaoka Land was 65,185 JPY/sq.m. The market value represents an increase of 27,585 JPY (+73.4%) 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 135.0 sq.m (a +8.0% increase compared to the 125.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 15.0 min in 2016 and 8.0 min in 2017; -46.7%)

Keiseiusui35,000 JPY/sq.m (-47% compared with the previous year)

The average price of Keiseiusui Land was 35,000 JPY/sq.m. The market value represents a decrease of 30,758 JPY (-46.8%) 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 size of the real estate was 100.0 sq.m (a -84.4% decrease compared to the 642.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 15.6 min in 2016 and 13.0 min in 2017; -16.7%)

Yachiyodai68,841 JPY/sq.m (-24% compared with the previous year)

The average price of Yachiyodai Land was 68,841 JPY/sq.m. The market value represents a decrease of 21,803 JPY (-24.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 251.0 sq.m (a +6.4% increase compared to the 236.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 15.4 min in 2016 and 24.8 min in 2017; +61.0%)

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)