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 107,886 JPY/sq.m. The market value represents an increase of 12,641 JPY (+13.3%) compared to 1 year ago and a transition to a bull market. 49 properties exchanged hands ( The market value represents an increase of 23 (+88.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 318.4 sq.m (a +77.8% increase compared to the 179.0 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.

5 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Mimomi 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 +202.2% compared to last year; a sq.m unit now costs 196,969 JPY/sq.m.

The top 2 stations has seen prices increase +159.7% (+86,412 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -54.6% (-76,019 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 18.2 min in 2017 and 16.0 min in 2018; -11.6%)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.4% of total transactions in 2017 and 16.3% of total transactions in 2018)

Land stations market overview

The average price of Kaijinn Land, the highest market value along this railway was 197,222 JPY/sq.m. The market value represents a decrease of 6,778 JPY (-3.3%) compared to 1 year ago and a transition to a some market. 2 properties exchanged hands (It was the same as last year.).

The average price of Katsutadai Land, the lowest market value along this railway was 25,808 JPY/sq.m. The market value represents a decrease of 51,355 JPY (-66.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) 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---
Keiseinakayama237,037 JPYsq.m
(0.0135sq.m)
--
Higashinakayama--342,856 JPYsq.m
(0.0105sq.m)
Keiseinishifuna---
Kaijinn197,222 JPYsq.m
(0.0150sq.m)
204,000 JPYsq.m
(0.0195sq.m)
198,484 JPYsq.m
(0.0138sq.m)
Keiseifunabashi---
Daijinnguushita337,142 JPYsq.m
(0.0175sq.m)
--
Funabashikeibajou264,000 JPYsq.m
(0.0125sq.m)
-216,666 JPYsq.m
(0.0120sq.m)
Yatsu272,576 JPYsq.m
(0.0205sq.m)
-230,000 JPYsq.m
(0.0200sq.m)
Keiseitsudanuma135,679 JPYsq.m
(0.0185sq.m)
236,363 JPYsq.m
(0.0110sq.m)
241,250 JPYsq.m
(0.0140sq.m)
Keiseiookubo136,760 JPYsq.m
(0.0184sq.m)
127,336 JPYsq.m
(0.0112sq.m)
136,532 JPYsq.m
(0.0152sq.m)
Mimomi95,384 JPYsq.m
(0.0115sq.m)
76,688 JPYsq.m
(0.0200sq.m)
74,020 JPYsq.m
(0.0668sq.m)
Yachiyodai81,722 JPYsq.m
(0.0176sq.m)
68,841 JPYsq.m
(0.0251sq.m)
90,644 JPYsq.m
(0.0236sq.m)
Keiseioowada54,915 JPYsq.m
(0.0169sq.m)
--
Katsutadai25,808 JPYsq.m
(0.0484sq.m)
77,163 JPYsq.m
(0.0192sq.m)
59,862 JPYsq.m
(0.0398sq.m)
Shidu58,116 JPYsq.m
(0.0565sq.m)
99,497 JPYsq.m
(0.0137sq.m)
56,550 JPYsq.m
(0.0154sq.m)
Yu-Karigaoka196,969 JPYsq.m
(0.0330sq.m)
65,185 JPYsq.m
(0.0135sq.m)
37,600 JPYsq.m
(0.0125sq.m)
Keiseiusui76,041 JPYsq.m
(0.0358sq.m)
35,000 JPYsq.m
(0.0100sq.m)
65,758 JPYsq.m
(0.0642sq.m)
Keiseisakura27,878 JPYsq.m
(0.0220sq.m)
45,864 JPYsq.m
(0.0175sq.m)
36,000 JPYsq.m
(0.0225sq.m)
Oosakura1,470 JPYsq.m
(0.01,700sq.m)
--
Keiseishisui--20,000 JPYsq.m
(0.0500sq.m)
Sougosanndou---
Koudunomori--46,878 JPYsq.m
(0.0192sq.m)
Keiseinarita--91,891 JPYsq.m
(0.0185sq.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-Karigaoka196,969 JPY/sq.m (+202% compared with the previous year)

The average price of Yu-Karigaoka Land was 196,969 JPY/sq.m. The market value represents an increase of 131,784 JPY (+202.2%) 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 330.0 sq.m (a +144.4% increase compared to the 135.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2017 and 14.0 min in 2018; +75.0%)

Keiseiusui76,041 JPY/sq.m (+117% compared with the previous year)

The average price of Keiseiusui Land was 76,041 JPY/sq.m. The market value represents an increase of 41,041 JPY (+117.3%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 358.3 sq.m (a +258.3% increase compared to the 100.0 sq.m of last year.).

Katsutadai25,808 JPY/sq.m (-67% compared with the previous year)

The average price of Katsutadai Land was 25,808 JPY/sq.m. The market value represents a decrease of 51,355 JPY (-66.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 3 (+75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 483.6 sq.m (a +151.2% increase compared to the 192.5 sq.m of last year.).

Keiseitsudanuma135,679 JPY/sq.m (-43% compared with the previous year)

The average price of Keiseitsudanuma Land was 135,679 JPY/sq.m. The market value represents a decrease of 100,684 JPY (-42.6%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 185.0 sq.m (a +68.2% increase compared to the 110.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2017 and 14.7 min in 2018; +63.0%)

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)