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 Dec, 2018 was 100,874 JPY/sq.m. The market value represents an increase of 5,366 JPY (+5.6%) compared to 1 year ago and a transition to a strong market. 315 properties exchanged hands ( The market value represents an increase of 22 (+7.5%) compared to 1 year ago and a transition to a strong market.).

The average size of the real estate was 265.5 sq.m (a +3.2% increase compared to the 257.2 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.

16 stations have experienced increased prices; 5 stations have experienced decreased prices. The overall trend was the same as last year. Funabashikeibajou, Keiseishisui, Koudunomori, Keiseinarita, Narita Airport station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Sougosanndou station, where prices have increased +130.2% compared to last year; a sq.m unit now costs 46,075 JPY/sq.m.

The top 2 stations has seen prices increase +110.0% (+22,003 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -21.6% (-25,380 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 8.5% of total transactions in 2017 and 9.5% of total transactions in 2018)

Causes of price decreases

  • A some decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.4% of total transactions in 2017 and 1.3% of total transactions in 2018)

Land stations market overview

The average price of Onigoe Land, the highest market value along this railway was 275,778 JPY/sq.m. The market value represents an increase of 1,704 JPY (+0.6%) compared to 1 year ago and a transition to a slight 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 Narita Airport Land, the lowest market value along this railway was 12,308 JPY/sq.m. The market value represents an increase of 3,086 JPY (+33.5%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 9 (+900.0%) 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---
Ichikawamama154,312 JPYsq.m
(0.0115sq.m)
-307,692 JPYsq.m
(0.065.0sq.m)
Sugano138,196 JPYsq.m
(0.0137sq.m)
--
Keiseiyawata---
Onigoe275,778 JPYsq.m
(0.0227sq.m)
274,074 JPYsq.m
(0.0135sq.m)
-
Keiseinakayama203,704 JPYsq.m
(0.0135sq.m)
--
Higashinakayama225,581 JPYsq.m
(0.0430sq.m)
215,705 JPYsq.m
(0.0320sq.m)
212,256 JPYsq.m
(0.0184sq.m)
Keiseinishifuna280,000 JPYsq.m
(0.0100sq.m)
-210,811 JPYsq.m
(0.0185sq.m)
Kaijinn170,302 JPYsq.m
(0.0202sq.m)
172,728 JPYsq.m
(0.0259sq.m)
178,197 JPYsq.m
(0.0164sq.m)
Keiseifunabashi---
Daijinnguushita256,964 JPYsq.m
(0.0198sq.m)
224,432 JPYsq.m
(0.0212sq.m)
108,936 JPYsq.m
(0.0187sq.m)
Funabashikeibajou269,217 JPYsq.m
(0.0118sq.m)
201,320 JPYsq.m
(0.0132sq.m)
202,080 JPYsq.m
(0.0225sq.m)
Yatsu266,316 JPYsq.m
(0.0151sq.m)
224,713 JPYsq.m
(0.0207sq.m)
224,162 JPYsq.m
(0.0191sq.m)
Keiseitsudanuma194,787 JPYsq.m
(0.0229sq.m)
223,929 JPYsq.m
(0.0249sq.m)
191,561 JPYsq.m
(0.0235sq.m)
Keiseiookubo140,510 JPYsq.m
(0.0179sq.m)
118,047 JPYsq.m
(0.0194sq.m)
117,170 JPYsq.m
(0.0173sq.m)
Mimomi85,424 JPYsq.m
(0.0199sq.m)
80,650 JPYsq.m
(0.0209sq.m)
99,476 JPYsq.m
(0.0291sq.m)
Yachiyodai99,685 JPYsq.m
(0.0235sq.m)
88,456 JPYsq.m
(0.0236sq.m)
101,647 JPYsq.m
(0.0249sq.m)
Keiseioowada63,106 JPYsq.m
(0.0207sq.m)
62,956 JPYsq.m
(0.0167sq.m)
84,590 JPYsq.m
(0.0162sq.m)
Katsutadai50,098 JPYsq.m
(0.0363sq.m)
71,716 JPYsq.m
(0.0321sq.m)
75,694 JPYsq.m
(0.0310sq.m)
Shidu58,405 JPYsq.m
(0.0296sq.m)
62,814 JPYsq.m
(0.0210sq.m)
56,022 JPYsq.m
(0.0197sq.m)
Yu-Karigaoka114,007 JPYsq.m
(0.0212sq.m)
104,250 JPYsq.m
(0.0240sq.m)
78,853 JPYsq.m
(0.0301sq.m)
Keiseiusui52,779 JPYsq.m
(0.0322sq.m)
55,497 JPYsq.m
(0.0379sq.m)
54,082 JPYsq.m
(0.0587sq.m)
Keiseisakura34,450 JPYsq.m
(0.0293sq.m)
28,810 JPYsq.m
(0.0330sq.m)
37,305 JPYsq.m
(0.0308sq.m)
Oosakura19,300 JPYsq.m
(0.0917sq.m)
--
Keiseishisui37,950 JPYsq.m
(0.0370sq.m)
20,000 JPYsq.m
(0.0200sq.m)
25,336 JPYsq.m
(0.0328sq.m)
Sougosanndou46,075 JPYsq.m
(0.0537sq.m)
20,019 JPYsq.m
(0.0156sq.m)
52,453 JPYsq.m
(0.0249sq.m)
Koudunomori60,450 JPYsq.m
(0.0289sq.m)
40,534 JPYsq.m
(0.0260sq.m)
45,538 JPYsq.m
(0.0379sq.m)
Keiseinarita90,331 JPYsq.m
(0.0335sq.m)
56,544 JPYsq.m
(0.0391sq.m)
36,413 JPYsq.m
(0.0285sq.m)
Narita Airport12,308 JPYsq.m
(0.0458sq.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

Sougosanndou46,075 JPY/sq.m (+130% compared with the previous year)

The average price of Sougosanndou Land was 46,075 JPY/sq.m. The market value represents an increase of 26,056 JPY (+130.2%) 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 536.7 sq.m (a +243.5% increase compared to the 156.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.5 min in 2017 and 12.1 min in 2018; -34.4%)

Keiseishisui37,950 JPY/sq.m (+90% compared with the previous year)

The average price of Keiseishisui Land was 37,950 JPY/sq.m. The market value represents an increase of 17,950 JPY (+89.8%) 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 370.0 sq.m (a +85.0% increase compared to the 200.0 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 17.7 min in 2018; -41.1%)

Katsutadai50,098 JPY/sq.m (-30% compared with the previous year)

The average price of Katsutadai Land was 50,098 JPY/sq.m. The market value represents a decrease of 21,618 JPY (-30.1%) compared to 1 year ago and a transition to a dramatic market. 29 properties exchanged hands ( The market value represents a decrease of 2 (-6.5%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 363.3 sq.m (a +13.2% increase compared to the 321.0 sq.m of last year.).

Cause of price increases

  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 3.2% of total transactions in 2017 and 3.4% of total transactions in 2018)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 26.5 min in 2017 and 32.0 min in 2018; +20.8%)

Keiseitsudanuma194,787 JPY/sq.m (-13% compared with the previous year)

The average price of Keiseitsudanuma Land was 194,787 JPY/sq.m. The market value represents a decrease of 29,142 JPY (-13.0%) compared to 1 year ago and a transition to a weak market. 15 properties exchanged hands ( The market value represents a decrease of 4 (-21.1%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 228.7 sq.m (a -8.0% decrease compared to the 248.7 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)