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 96,714 JPY/sq.m. The market value represents a decrease of 2,686 JPY (-2.7%) compared to 1 year ago and a transition to a slight market. 71 properties exchanged hands ( The market value represents a decrease of 1 (-1.4%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 244.0 sq.m (a -21.5% decrease compared to the 310.7 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.

4 stations have experienced increased prices; 11 stations have experienced decreased prices. Market value of most stations decreased. Keiseitsudanuma, Shidu 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 +57.4% compared to last year; a sq.m unit now costs 97,957 JPY/sq.m.

The top 2 stations has seen prices increase +39.4% (+40,832 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -43.7% (-23,987 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 8.3% of total transactions in 2016 and 11.3% of total transactions in 2017)

Land stations market overview

The average price of Higashinakayama Land, the highest market value along this railway was 283,333 JPY/sq.m. The market value represents a decrease of 59,524 JPY (-17.4%) compared to 1 year ago and a transition to a weak 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 Keiseinarita Land, the lowest market value along this railway was 22,949 JPY/sq.m. The market value represents a decrease of 24,215 JPY (-51.3%) 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.).

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---
Higashinakayama283,333 JPYsq.m
(0.0120sq.m)
342,858 JPYsq.m
(0.0105sq.m)
-
Keiseinishifuna---
Kaijinn175,724 JPYsq.m
(0.0378sq.m)
198,484 JPYsq.m
(0.0138sq.m)
159,489 JPYsq.m
(0.0342sq.m)
Keiseifunabashi---
Daijinnguushita---
Funabashikeibajou209,091 JPYsq.m
(0.0110sq.m)
216,667 JPYsq.m
(0.0120sq.m)
240,000 JPYsq.m
(0.0125sq.m)
Yatsu239,737 JPYsq.m
(0.0525sq.m)
230,000 JPYsq.m
(0.0200sq.m)
260,000 JPYsq.m
(0.0100sq.m)
Keiseitsudanuma261,390 JPYsq.m
(0.0219sq.m)
215,443 JPYsq.m
(0.0250sq.m)
-
Keiseiookubo120,339 JPYsq.m
(0.0180sq.m)
136,625 JPYsq.m
(0.0166sq.m)
135,662 JPYsq.m
(0.0131sq.m)
Mimomi78,394 JPYsq.m
(0.0182sq.m)
74,020 JPYsq.m
(0.0478sq.m)
98,730 JPYsq.m
(0.0148sq.m)
Yachiyodai83,935 JPYsq.m
(0.0226sq.m)
84,055 JPYsq.m
(0.0497sq.m)
110,222 JPYsq.m
(0.0323sq.m)
Keiseioowada--98,974 JPYsq.m
(0.0136sq.m)
Katsutadai71,629 JPYsq.m
(0.0263sq.m)
86,000 JPYsq.m
(0.0344sq.m)
70,767 JPYsq.m
(0.0267sq.m)
Shidu97,957 JPYsq.m
(0.0129sq.m)
62,239 JPYsq.m
(0.0178sq.m)
69,417 JPYsq.m
(0.0634sq.m)
Yu-Karigaoka103,568 JPYsq.m
(0.0127sq.m)
105,220 JPYsq.m
(0.0468sq.m)
101,466 JPYsq.m
(0.0187sq.m)
Keiseiusui42,000 JPYsq.m
(0.0150sq.m)
65,759 JPYsq.m
(0.0642sq.m)
61,353 JPYsq.m
(0.0330sq.m)
Keiseisakura25,863 JPYsq.m
(0.0196sq.m)
30,019 JPYsq.m
(0.0235sq.m)
50,171 JPYsq.m
(0.0312sq.m)
Oosakura---
Keiseishisui-20,000 JPYsq.m
(0.0500sq.m)
-
Sougosanndou12,025 JPYsq.m
(0.0192sq.m)
-24,083 JPYsq.m
(0.0318sq.m)
Koudunomori33,167 JPYsq.m
(0.0286sq.m)
43,912 JPYsq.m
(0.0198sq.m)
30,319 JPYsq.m
(0.0522sq.m)
Keiseinarita22,949 JPYsq.m
(0.0815sq.m)
47,164 JPYsq.m
(0.0189sq.m)
43,680 JPYsq.m
(0.0296sq.m)
Narita Airport9,222 JPYsq.m
(0.090.0sq.m)
-15,116 JPYsq.m
(0.0430sq.m)

*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

Shidu97,957 JPY/sq.m (+57% compared with the previous year)

The average price of Shidu Land was 97,957 JPY/sq.m. The market value represents an increase of 35,718 JPY (+57.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 2 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 128.8 sq.m (a -27.5% decrease compared to the 177.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 11.3 min in 2016 and 13.2 min in 2017; +16.9%)

Keiseitsudanuma261,390 JPY/sq.m (+21% compared with the previous year)

The average price of Keiseitsudanuma Land was 261,390 JPY/sq.m. The market value represents an increase of 45,947 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.).

The average size of the real estate was 219.0 sq.m (a -12.4% decrease compared to the 250.0 sq.m of last year.).

Keiseinarita22,949 JPY/sq.m (-51% compared with the previous year)

The average price of Keiseinarita Land was 22,949 JPY/sq.m. The market value represents a decrease of 24,215 JPY (-51.3%) 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 815.0 sq.m (a +331.8% increase compared to the 188.8 sq.m of last year.).

Keiseiusui42,000 JPY/sq.m (-36% compared with the previous year)

The average price of Keiseiusui Land was 42,000 JPY/sq.m. The market value represents a decrease of 23,759 JPY (-36.1%) 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 150.0 sq.m (a -76.6% 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 13.5 min in 2017; -13.5%)

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)