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, 2018 to Dec, 2018 was 97,883 JPY/sq.m. The market value represents an increase of 1,170 JPY (+1.2%) compared to 1 year ago and a transition to a slight market. 93 properties exchanged hands ( The market value represents an increase of 22 (+31.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 308.1 sq.m (a +26.3% increase compared to the 244.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

11 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Funabashikeibajou, Yachiyodai, Yu-Karigaoka, Keiseiusui, Sougosanndou, Keiseinarita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Koudunomori station, where prices have increased +136.4% compared to last year; a sq.m unit now costs 78,411 JPY/sq.m.

The top 2 stations has seen prices increase +105.9% (+38,471 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -40.8% (-64,336 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 11.3% of total transactions in 2017 and 14.0% of total transactions in 2018)

Land stations market overview

The average price of Funabashikeibajou Land, the highest market value along this railway was 264,000 JPY/sq.m. The market value represents an increase of 54,909 JPY (+26.3%) 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 price of Narita Airport Land, the lowest market value along this railway was 6,602 JPY/sq.m. The market value represents a decrease of 2,620 JPY (-28.4%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 4 (+400.0%) 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---
Sugano240,741 JPYsq.m
(0.0270sq.m)
--
Keiseiyawata---
Onigoe---
Keiseinakayama237,037 JPYsq.m
(0.0135sq.m)
--
Higashinakayama-283,333 JPYsq.m
(0.0120sq.m)
342,858 JPYsq.m
(0.0105sq.m)
Keiseinishifuna280,000 JPYsq.m
(0.0100sq.m)
--
Kaijinn197,222 JPYsq.m
(0.0150sq.m)
175,724 JPYsq.m
(0.0378sq.m)
198,484 JPYsq.m
(0.0138sq.m)
Keiseifunabashi---
Daijinnguushita337,143 JPYsq.m
(0.0175sq.m)
--
Funabashikeibajou264,000 JPYsq.m
(0.0125sq.m)
209,091 JPYsq.m
(0.0110sq.m)
216,667 JPYsq.m
(0.0120sq.m)
Yatsu259,495 JPYsq.m
(0.0177sq.m)
239,737 JPYsq.m
(0.0525sq.m)
230,000 JPYsq.m
(0.0200sq.m)
Keiseitsudanuma164,608 JPYsq.m
(0.0176sq.m)
261,390 JPYsq.m
(0.0219sq.m)
215,443 JPYsq.m
(0.0250sq.m)
Keiseiookubo124,669 JPYsq.m
(0.0197sq.m)
120,339 JPYsq.m
(0.0180sq.m)
136,625 JPYsq.m
(0.0166sq.m)
Mimomi57,841 JPYsq.m
(0.0262sq.m)
78,394 JPYsq.m
(0.0182sq.m)
74,020 JPYsq.m
(0.0478sq.m)
Yachiyodai108,304 JPYsq.m
(0.0205sq.m)
83,935 JPYsq.m
(0.0226sq.m)
84,055 JPYsq.m
(0.0497sq.m)
Keiseioowada54,916 JPYsq.m
(0.0169sq.m)
--
Katsutadai39,739 JPYsq.m
(0.0449sq.m)
71,629 JPYsq.m
(0.0263sq.m)
86,000 JPYsq.m
(0.0344sq.m)
Shidu63,380 JPYsq.m
(0.0306sq.m)
97,957 JPYsq.m
(0.0129sq.m)
62,239 JPYsq.m
(0.0178sq.m)
Yu-Karigaoka149,767 JPYsq.m
(0.0262sq.m)
103,568 JPYsq.m
(0.0127sq.m)
105,220 JPYsq.m
(0.0468sq.m)
Keiseiusui73,698 JPYsq.m
(0.0314sq.m)
42,000 JPYsq.m
(0.0150sq.m)
65,759 JPYsq.m
(0.0642sq.m)
Keiseisakura27,879 JPYsq.m
(0.0220sq.m)
25,863 JPYsq.m
(0.0196sq.m)
30,019 JPYsq.m
(0.0235sq.m)
Oosakura1,471 JPYsq.m
(0.01,700sq.m)
--
Keiseishisui58,333 JPYsq.m
(0.0600sq.m)
-20,000 JPYsq.m
(0.0500sq.m)
Sougosanndou19,792 JPYsq.m
(0.0850sq.m)
12,025 JPYsq.m
(0.0192sq.m)
-
Koudunomori78,411 JPYsq.m
(0.0347sq.m)
33,167 JPYsq.m
(0.0286sq.m)
43,912 JPYsq.m
(0.0198sq.m)
Keiseinarita38,182 JPYsq.m
(0.0220sq.m)
22,949 JPYsq.m
(0.0815sq.m)
47,164 JPYsq.m
(0.0189sq.m)
Narita Airport6,602 JPYsq.m
(0.0600sq.m)
9,222 JPYsq.m
(0.090.0sq.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

Koudunomori78,411 JPY/sq.m (+136% compared with the previous year)

The average price of Koudunomori Land was 78,411 JPY/sq.m. The market value represents an increase of 45,244 JPY (+136.4%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 1 (-10.0%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 346.9 sq.m (a +21.5% increase compared to the 285.6 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 41.0 min in 2017 and 26.7 min in 2018; -35.0%)

Keiseiusui73,698 JPY/sq.m (+75% compared with the previous year)

The average price of Keiseiusui Land was 73,698 JPY/sq.m. The market value represents an increase of 31,698 JPY (+75.5%) 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.).

The average size of the real estate was 313.8 sq.m (a +109.2% increase compared to the 150.0 sq.m of last year.).

Katsutadai39,739 JPY/sq.m (-45% compared with the previous year)

The average price of Katsutadai Land was 39,739 JPY/sq.m. The market value represents a decrease of 31,890 JPY (-44.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 1 (+11.1%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 449.0 sq.m (a +70.5% increase compared to the 263.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.4 min in 2017 and 31.1 min in 2018; +32.7%)

Keiseitsudanuma164,608 JPY/sq.m (-37% compared with the previous year)

The average price of Keiseitsudanuma Land was 164,608 JPY/sq.m. The market value represents a decrease of 96,782 JPY (-37.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 176.0 sq.m (a -19.6% decrease compared to the 219.0 sq.m of last year.).


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)