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 102,632 JPY/sq.m. The market value represents an increase of 12,564 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 71 properties exchanged hands ( The market value represents a decrease of 2 (-2.7%) compared to 1 year ago and a transition to a slight market.).

The average size of the real estate was 251.2 sq.m (a -12.1% decrease compared to the 285.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

6 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Mimomi, Yu-Karigaoka, Keiseisakura, Keiseinarita 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 +88.8% compared to last year; a sq.m unit now costs 65,166 JPY/sq.m.

The top 2 stations has seen prices increase +85.2% (+39,920 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -16.1% (-9,151 JPY/sq.m).

Causes of price decreases

  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 9.6% of total transactions in 2017 and 8.5% of total transactions in 2018)

Land stations market overview

The average price of Keiseitsudanuma Land, the highest market value along this railway was 219,249 JPY/sq.m. The market value represents a decrease of 10,218 JPY (-4.5%) compared to 1 year ago and a transition to a some market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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 42,847 JPY/sq.m. The market value represents a decrease of 7,507 JPY (-14.9%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) 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--307,692 JPYsq.m
(0.065.0sq.m)
Sugano153,846 JPYsq.m
(0.065.0sq.m)
--
Keiseiyawata---
Onigoe190,000 JPYsq.m
(0.0100sq.m)
--
Keiseinakayama---
Higashinakayama-148,077 JPYsq.m
(0.0520sq.m)
166,667 JPYsq.m
(0.0120sq.m)
Keiseinishifuna--210,811 JPYsq.m
(0.0185sq.m)
Kaijinn-149,996 JPYsq.m
(0.0207sq.m)
187,037 JPYsq.m
(0.0105sq.m)
Keiseifunabashi---
Daijinnguushita193,750 JPYsq.m
(0.0320sq.m)
-92,857 JPYsq.m
(0.0140sq.m)
Funabashikeibajou-193,548 JPYsq.m
(0.0155sq.m)
233,958 JPYsq.m
(0.0347sq.m)
Yatsu258,006 JPYsq.m
(0.0158sq.m)
-226,032 JPYsq.m
(0.0150sq.m)
Keiseitsudanuma219,249 JPYsq.m
(0.0454sq.m)
229,467 JPYsq.m
(0.0141sq.m)
208,222 JPYsq.m
(0.0190sq.m)
Keiseiookubo122,862 JPYsq.m
(0.0234sq.m)
127,564 JPYsq.m
(0.0204sq.m)
106,356 JPYsq.m
(0.0197sq.m)
Mimomi109,473 JPYsq.m
(0.0161sq.m)
60,276 JPYsq.m
(0.0112sq.m)
133,698 JPYsq.m
(0.0155sq.m)
Yachiyodai82,744 JPYsq.m
(0.0256sq.m)
73,387 JPYsq.m
(0.0344sq.m)
88,273 JPYsq.m
(0.0284sq.m)
Keiseioowada52,000 JPYsq.m
(0.0250sq.m)
--
Katsutadai76,954 JPYsq.m
(0.0224sq.m)
81,777 JPYsq.m
(0.0314sq.m)
66,761 JPYsq.m
(0.0238sq.m)
Shidu51,814 JPYsq.m
(0.0156sq.m)
62,609 JPYsq.m
(0.0177sq.m)
67,446 JPYsq.m
(0.0173sq.m)
Yu-Karigaoka118,418 JPYsq.m
(0.0217sq.m)
94,651 JPYsq.m
(0.0211sq.m)
48,876 JPYsq.m
(0.0278sq.m)
Keiseiusui42,847 JPYsq.m
(0.0385sq.m)
50,354 JPYsq.m
(0.0656sq.m)
55,688 JPYsq.m
(0.0732sq.m)
Keiseisakura50,034 JPYsq.m
(0.0472sq.m)
28,750 JPYsq.m
(0.0340sq.m)
48,227 JPYsq.m
(0.0710sq.m)
Oosakura---
Keiseishisui-20,000 JPYsq.m
(0.0200sq.m)
17,734 JPYsq.m
(0.0142sq.m)
Sougosanndou52,778 JPYsq.m
(0.0180sq.m)
--
Koudunomori44,290 JPYsq.m
(0.0308sq.m)
39,345 JPYsq.m
(0.0194sq.m)
56,645 JPYsq.m
(0.0400sq.m)
Keiseinarita65,166 JPYsq.m
(0.0380sq.m)
34,522 JPYsq.m
(0.0551sq.m)
41,008 JPYsq.m
(0.0211sq.m)
Narita Airport3,030 JPYsq.m
(0.0248sq.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

Keiseinarita65,166 JPY/sq.m (+89% compared with the previous year)

The average price of Keiseinarita Land was 65,166 JPY/sq.m. The market value represents an increase of 30,644 JPY (+88.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 380.0 sq.m (a -31.0% decrease compared to the 550.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 22.7 min in 2017 and 40.0 min in 2018; +76.5%)

Mimomi109,473 JPY/sq.m (+82% compared with the previous year)

The average price of Mimomi Land was 109,473 JPY/sq.m. The market value represents an increase of 49,197 JPY (+81.6%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 161.2 sq.m (a +43.3% increase compared to the 112.5 sq.m of last year.).

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 50.0% of total transactions in 2017 and 12.5% of total transactions in 2018)

Shidu51,814 JPY/sq.m (-17% compared with the previous year)

The average price of Shidu Land was 51,814 JPY/sq.m. The market value represents a decrease of 10,796 JPY (-17.2%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 156.0 sq.m (a -11.9% decrease compared to the 177.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.8 min in 2017 and 13.0 min in 2018; +32.7%)

Keiseiusui42,847 JPY/sq.m (-15% compared with the previous year)

The average price of Keiseiusui Land was 42,847 JPY/sq.m. The market value represents a decrease of 7,507 JPY (-14.9%) compared to 1 year ago and a transition to a weak market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 385.0 sq.m (a -41.3% decrease compared to the 656.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 15.2 min in 2017 and 12.3 min in 2018; -18.9%)

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)