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 94,454 JPY/sq.m. The market value represents an increase of 20,674 JPY (+28.0%) compared to 1 year ago and a transition to a dramatic market. 40 properties exchanged hands ( The market value represents an increase of 18 (+81.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 264.4 sq.m (a +2.2% increase compared to the 258.6 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.

8 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Yachiyodai, Keiseioowada, Keiseisakura 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 +449.5% compared to last year; a sq.m unit now costs 79,924 JPY/sq.m.

The top 2 stations has seen prices increase +342.4% (+57,752 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -47.9% (-38,362 JPY/sq.m).

Cause of price increases

  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 4.5% of total transactions in 2017 and 5.0% of total transactions in 2018)

Land stations market overview

The average price of Keiseitsudanuma Land, the highest market value along this railway was 177,355 JPY/sq.m. The market value represents an increase of 15,817 JPY (+9.8%) compared to 1 year ago and a transition to a strong market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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 32,188 JPY/sq.m. The market value represents an increase of 8,491 JPY (+35.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) 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---
Onigoe---
Keiseinakayama---
Higashinakayama--173,913 JPYsq.m
(0.0115sq.m)
Keiseinishifuna---
Kaijinn--152,412 JPYsq.m
(0.0108sq.m)
Keiseifunabashi---
Daijinnguushita-272,727 JPYsq.m
(0.0110sq.m)
-
Funabashikeibajou221,428 JPYsq.m
(0.0140sq.m)
--
Yatsu192,307 JPYsq.m
(0.0130sq.m)
-177,419 JPYsq.m
(0.0310sq.m)
Keiseitsudanuma177,355 JPYsq.m
(0.0110sq.m)
161,538 JPYsq.m
(0.0260sq.m)
-
Keiseiookubo157,720 JPYsq.m
(0.0111sq.m)
72,414 JPYsq.m
(0.0290sq.m)
158,314 JPYsq.m
(0.0132sq.m)
Mimomi44,286 JPYsq.m
(0.0248sq.m)
69,647 JPYsq.m
(0.0183sq.m)
107,261 JPYsq.m
(0.0185sq.m)
Yachiyodai98,024 JPYsq.m
(0.0485sq.m)
73,864 JPYsq.m
(0.0275sq.m)
83,528 JPYsq.m
(0.0174sq.m)
Keiseioowada72,727 JPYsq.m
(0.0165sq.m)
46,153 JPYsq.m
(0.0130sq.m)
98,545 JPYsq.m
(0.0160sq.m)
Katsutadai52,546 JPYsq.m
(0.0208sq.m)
-54,170 JPYsq.m
(0.0305sq.m)
Shidu48,065 JPYsq.m
(0.0406sq.m)
57,518 JPYsq.m
(0.0117sq.m)
42,002 JPYsq.m
(0.0320sq.m)
Yu-Karigaoka79,924 JPYsq.m
(0.0182sq.m)
14,545 JPYsq.m
(0.01,100sq.m)
56,128 JPYsq.m
(0.0363sq.m)
Keiseiusui71,428 JPYsq.m
(0.0280sq.m)
21,304 JPYsq.m
(0.0460sq.m)
5,172 JPYsq.m
(0.0290sq.m)
Keiseisakura32,188 JPYsq.m
(0.0251sq.m)
23,697 JPYsq.m
(0.0295sq.m)
24,285 JPYsq.m
(0.0140sq.m)
Oosakura4,047 JPYsq.m
(0.0840sq.m)
--
Keiseishisui54,375 JPYsq.m
(0.0160sq.m)
--
Sougosanndou88,768 JPYsq.m
(0.0525sq.m)
-26,936 JPYsq.m
(0.0330sq.m)
Koudunomori35,000 JPYsq.m
(0.0160sq.m)
86,363 JPYsq.m
(0.0220sq.m)
41,582 JPYsq.m
(0.0610sq.m)
Keiseinarita81,818 JPYsq.m
(0.0660sq.m)
79,898 JPYsq.m
(0.0212sq.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

Yu-Karigaoka79,924 JPY/sq.m (+449% compared with the previous year)

The average price of Yu-Karigaoka Land was 79,924 JPY/sq.m. The market value represents an increase of 65,379 JPY (+449.5%) 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 182.5 sq.m (a -83.4% decrease compared to the 1100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2017 and 7.5 min in 2018; -75.0%)

Keiseiusui71,428 JPY/sq.m (+235% compared with the previous year)

The average price of Keiseiusui Land was 71,428 JPY/sq.m. The market value represents an increase of 50,124 JPY (+235.3%) 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 280.0 sq.m (a -39.1% decrease compared to the 460.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2017 and 10.0 min in 2018; -66.7%)

Koudunomori35,000 JPY/sq.m (-59% compared with the previous year)

The average price of Koudunomori Land was 35,000 JPY/sq.m. The market value represents a decrease of 51,363 JPY (-59.5%) 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 160.0 sq.m (a -27.3% decrease compared to the 220.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 19.0 min in 2017 and 30.0 min in 2018; +57.9%)

Mimomi44,286 JPY/sq.m (-36% compared with the previous year)

The average price of Mimomi Land was 44,286 JPY/sq.m. The market value represents a decrease of 25,362 JPY (-36.4%) 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 247.5 sq.m (a +35.2% increase compared to the 183.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 16.2 min in 2017 and 10.5 min in 2018; -35.2%)

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)