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, 2018 to Sep, 2018 was 96,689 JPY/sq.m. The market value represents an increase of 14,602 JPY (+17.8%) compared to 1 year ago and a transition to a bull market. 50 properties exchanged hands ( The market value represents an increase of 20 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 320.8 sq.m (a -11.0% decrease compared to the 360.3 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.

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Mimomi, Yu-Karigaoka 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 +189.1% compared to last year; a sq.m unit now costs 125,000 JPY/sq.m.

The top 2 stations has seen prices increase +171.1% (+62,898 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -46.2% (-34,496 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2017 and 6.0% of total transactions in 2018)

Land stations market overview

The average price of Keiseitsudanuma Land, the highest market value along this railway was 171,120 JPY/sq.m. The market value represents a decrease of 88,047 JPY (-34.0%) compared to 1 year ago and a transition to a dramatic 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 Koudunomori Land, the lowest market value along this railway was 12,684 JPY/sq.m. The market value represents a decrease of 7,002 JPY (-35.6%) 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(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kounodai---
Ichikawamama---
Sugano153,846 JPYsq.m
(0.065.0sq.m)
--
Keiseiyawata---
Onigoe---
Keiseinakayama---
Higashinakayama---
Keiseinishifuna--210,810 JPYsq.m
(0.0185sq.m)
Kaijinn-909 JPYsq.m
(0.0330sq.m)
-
Keiseifunabashi---
Daijinnguushita--92,857 JPYsq.m
(0.0140sq.m)
Funabashikeibajou---
Yatsu210,818 JPYsq.m
(0.0185sq.m)
-340,000 JPYsq.m
(0.0100sq.m)
Keiseitsudanuma171,120 JPYsq.m
(0.0495sq.m)
259,166 JPYsq.m
(0.0185sq.m)
188,333 JPYsq.m
(0.0773sq.m)
Keiseiookubo125,796 JPYsq.m
(0.0259sq.m)
112,745 JPYsq.m
(0.0230sq.m)
95,756 JPYsq.m
(0.0238sq.m)
Mimomi105,058 JPYsq.m
(0.0143sq.m)
72,727 JPYsq.m
(0.0110sq.m)
153,627 JPYsq.m
(0.0130sq.m)
Yachiyodai89,258 JPYsq.m
(0.0337sq.m)
-93,341 JPYsq.m
(0.0151sq.m)
Keiseioowada52,000 JPYsq.m
(0.0250sq.m)
--
Katsutadai47,004 JPYsq.m
(0.0252sq.m)
108,993 JPYsq.m
(0.0850sq.m)
74,097 JPYsq.m
(0.0192sq.m)
Shidu48,637 JPYsq.m
(0.0156sq.m)
56,833 JPYsq.m
(0.0212sq.m)
72,386 JPYsq.m
(0.0161sq.m)
Yu-Karigaoka126,309 JPYsq.m
(0.0230sq.m)
104,870 JPYsq.m
(0.0292sq.m)
-
Keiseiusui21,176 JPYsq.m
(0.0850sq.m)
-60,606 JPYsq.m
(0.0165sq.m)
Keiseisakura72,778 JPYsq.m
(0.0772sq.m)
28,750 JPYsq.m
(0.0893sq.m)
67,653 JPYsq.m
(0.01,163sq.m)
Oosakura---
Keiseishisui--17,734 JPYsq.m
(0.0142sq.m)
Sougosanndou52,777 JPYsq.m
(0.0180sq.m)
--
Koudunomori12,684 JPYsq.m
(0.0262sq.m)
19,687 JPYsq.m
(0.0155sq.m)
56,999 JPYsq.m
(0.0206sq.m)
Keiseinarita125,000 JPYsq.m
(0.0160sq.m)
43,232 JPYsq.m
(0.0162sq.m)
43,618 JPYsq.m
(0.0172sq.m)
Narita Airport3,030 JPYsq.m
(0.0832sq.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

Keiseinarita125,000 JPY/sq.m (+189% compared with the previous year)

The average price of Keiseinarita Land was 125,000 JPY/sq.m. The market value represents an increase of 81,768 JPY (+189.1%) 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 160.0 sq.m (a -1.0% decrease compared to the 161.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.7 min in 2017 and 60.0 min in 2018; +153.5%)

Keiseisakura72,778 JPY/sq.m (+153% compared with the previous year)

The average price of Keiseisakura Land was 72,778 JPY/sq.m. The market value represents an increase of 44,028 JPY (+153.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 771.7 sq.m (a -13.6% decrease compared to the 893.3 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 26.0 min in 2018; +36.8%)

Katsutadai47,004 JPY/sq.m (-57% compared with the previous year)

The average price of Katsutadai Land was 47,004 JPY/sq.m. The market value represents a decrease of 61,989 JPY (-56.9%) 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 252.5 sq.m (a -70.3% decrease compared to the 850.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.5 min in 2017 and 38.5 min in 2018; +45.3%)
  • A slight decrease 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 2017 and 25.0% of total transactions in 2018)

Koudunomori12,684 JPY/sq.m (-36% compared with the previous year)

The average price of Koudunomori Land was 12,684 JPY/sq.m. The market value represents a decrease of 7,002 JPY (-35.6%) 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 262.5 sq.m (a +69.4% increase compared to the 155.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 60.0 min in 2017 and 75.0 min in 2018; +25.0%)

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)