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, 2018 to Mar, 2018 was 105,949 JPY/sq.m. The market value represents an increase of 11,091 JPY (+11.7%) compared to 1 year ago and a transition to a bull market. 73 properties exchanged hands ( The market value represents an increase of 2 (+2.8%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 272.6 sq.m (a +10.7% increase compared to the 246.3 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.

9 stations have experienced increased prices; 6 stations have experienced decreased prices. Market value of most stations decreased. Keiseitsudanuma, Keiseiookubo, Keiseioowada, Keiseisakura, Koudunomori 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 +161.5% compared to last year; a sq.m unit now costs 162,583 JPY/sq.m.

The top 2 stations has seen prices increase +131.6% (+72,589 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -57.3% (-90,008 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 5.6% of total transactions in 2017 and 8.2% of total transactions in 2018)

Causes of price decreases

  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.4% of total transactions in 2017 and 1.4% of total transactions in 2018)

Land stations market overview

The average price of Yatsu Land, the highest market value along this railway was 250,992 JPY/sq.m. The market value represents an increase of 15,163 JPY (+6.4%) compared to 1 year ago and a transition to a strong 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 price of Keiseisakura Land, the lowest market value along this railway was 40,417 JPY/sq.m. The market value represents an increase of 18,746 JPY (+86.5%) 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(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kounodai---
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe333,333 JPYsq.m
(0.0330sq.m)
--
Keiseinakayama170,370 JPYsq.m
(0.0135sq.m)
--
Higashinakayama225,581 JPYsq.m
(0.0430sq.m)
-173,913 JPYsq.m
(0.0115sq.m)
Keiseinishifuna---
Kaijinn65,957 JPYsq.m
(0.0470sq.m)
197,427 JPYsq.m
(0.0257sq.m)
187,480 JPYsq.m
(0.0184sq.m)
Keiseifunabashi---
Daijinnguushita-224,432 JPYsq.m
(0.0212sq.m)
72,414 JPYsq.m
(0.0290sq.m)
Funabashikeibajou221,429 JPYsq.m
(0.0140sq.m)
--
Yatsu250,992 JPYsq.m
(0.0145sq.m)
235,829 JPYsq.m
(0.097.5sq.m)
181,734 JPYsq.m
(0.0258sq.m)
Keiseitsudanuma205,744 JPYsq.m
(0.0124sq.m)
148,812 JPYsq.m
(0.0464sq.m)
115,299 JPYsq.m
(0.0135sq.m)
Keiseiookubo151,862 JPYsq.m
(0.0121sq.m)
95,599 JPYsq.m
(0.0259sq.m)
126,596 JPYsq.m
(0.0124sq.m)
Mimomi67,977 JPYsq.m
(0.0330sq.m)
66,196 JPYsq.m
(0.0179sq.m)
118,194 JPYsq.m
(0.0208sq.m)
Yachiyodai91,274 JPYsq.m
(0.0405sq.m)
101,440 JPYsq.m
(0.0214sq.m)
99,238 JPYsq.m
(0.0180sq.m)
Keiseioowada79,533 JPYsq.m
(0.0225sq.m)
64,732 JPYsq.m
(0.0160sq.m)
85,219 JPYsq.m
(0.0172sq.m)
Katsutadai52,547 JPYsq.m
(0.0208sq.m)
101,092 JPYsq.m
(0.0210sq.m)
50,969 JPYsq.m
(0.0405sq.m)
Shidu52,461 JPYsq.m
(0.0438sq.m)
56,974 JPYsq.m
(0.0228sq.m)
40,406 JPYsq.m
(0.0242sq.m)
Yu-Karigaoka89,512 JPYsq.m
(0.0179sq.m)
111,846 JPYsq.m
(0.0379sq.m)
78,777 JPYsq.m
(0.0299sq.m)
Keiseiusui53,282 JPYsq.m
(0.0232sq.m)
68,546 JPYsq.m
(0.0420sq.m)
48,103 JPYsq.m
(0.0371sq.m)
Keiseisakura40,417 JPYsq.m
(0.0231sq.m)
21,671 JPYsq.m
(0.0267sq.m)
40,734 JPYsq.m
(0.0204sq.m)
Oosakura28,214 JPYsq.m
(0.0525sq.m)
--
Keiseishisui54,375 JPYsq.m
(0.0160sq.m)
--
Sougosanndou88,768 JPYsq.m
(0.0525sq.m)
44,000 JPYsq.m
(0.050.0sq.m)
26,937 JPYsq.m
(0.0330sq.m)
Koudunomori63,070 JPYsq.m
(0.0294sq.m)
51,061 JPYsq.m
(0.0309sq.m)
38,394 JPYsq.m
(0.0355sq.m)
Keiseinarita162,583 JPYsq.m
(0.0284sq.m)
62,173 JPYsq.m
(0.0180sq.m)
11,885 JPYsq.m
(0.0318sq.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

Keiseinarita162,583 JPY/sq.m (+161% compared with the previous year)

The average price of Keiseinarita Land was 162,583 JPY/sq.m. The market value represents an increase of 100,410 JPY (+161.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 283.8 sq.m (a +57.6% increase compared to the 180.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 27.1 min in 2017 and 12.5 min in 2018; -53.9%)

Sougosanndou88,768 JPY/sq.m (+102% compared with the previous year)

The average price of Sougosanndou Land was 88,768 JPY/sq.m. The market value represents an increase of 44,768 JPY (+101.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 525.0 sq.m (a +950.0% increase compared to the 50.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.0 min in 2017 and 8.0 min in 2018; -42.9%)

Kaijinn65,957 JPY/sq.m (-67% compared with the previous year)

The average price of Kaijinn Land was 65,957 JPY/sq.m. The market value represents a decrease of 131,470 JPY (-66.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 470.0 sq.m (a +83.1% increase compared to the 256.7 sq.m of last year.).

Katsutadai52,547 JPY/sq.m (-48% compared with the previous year)

The average price of Katsutadai Land was 52,547 JPY/sq.m. The market value represents a decrease of 48,546 JPY (-48.0%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 207.5 sq.m (a -1.2% decrease compared to the 210.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.5 min in 2017 and 28.5 min in 2018; +147.8%)

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)