Keisei Main Line railway market report

Keisei Main Line Land market overview

The average price of a sq.m Land of Keisei Main Line (Kounodai to Narita Airport), in Jan, 2018 to Dec, 2018 was 101,660 JPY/sq.m. The market value represents an increase of 15,168 JPY (+17.5%) compared to 1 year ago and a transition to a bull market. 168 properties exchanged hands ( The market value represents an increase of 87 (+107.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 280.6 sq.m (a +5.5% increase compared to the 266.0 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.

9 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kaijinn, Keiseiookubo, Yachiyodai, Yu-Karigaoka, Keiseinarita station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keiseiusui station, where prices have increased +113.8% compared to last year; a sq.m unit now costs 60,182 JPY/sq.m.

The top 2 stations has seen prices increase +96.2% (+38,770 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -48.0% (-32,266 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 14.8% of total transactions in 2017 and 9.5% of total transactions in 2018)

Breakdown of each segment

The table below shows Land dealt in Keisei Main Line, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Land stations market overview

The average price of a sq.m Land of Daijinnguushita, the highest market value along this railway was 288,571 JPY/sq.m. The market value represents an increase of 15,844 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Koudunomori, the lowest market value along this railway was 20,123 JPY/sq.m. The market value represents a decrease of 12,899 JPY (-39.1%) compared to 1 year ago and a transition to a dramatic 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.).

Keisei Main Line (Stations Land market overview)
Keisei Main LineThis year(2018)1 year ago2 years ago
Kounodai---
Sugano86,923 JPY (0.0Y/70.0sq.m)--
Keiseinakayama237,037 JPY (0.0Y/135.0sq.m)--
Higashinakayama--242,276 JPY (0.0Y/204.0sq.m)
Keiseinishifuna--210,810 JPY (0.0Y/185.0sq.m)
Kaijinn197,222 JPY (0.0Y/150.0sq.m)155,931 JPY (0.0Y/213.8sq.m)159,316 JPY (0.0Y/146.4sq.m)
Daijinnguushita288,571 JPY (0.0Y/137.5sq.m)272,727 JPY (0.0Y/110.0sq.m)127,198 JPY (0.0Y/135.0sq.m)
Funabashikeibajou269,217 JPY (0.0Y/118.3sq.m)-170,201 JPY (0.0Y/103.3sq.m)
Yatsu231,819 JPY (0.0Y/182.0sq.m)-271,855 JPY (0.0Y/177.5sq.m)
Keiseitsudanuma168,295 JPY (0.0Y/237.3sq.m)229,058 JPY (0.0Y/185.0sq.m)211,568 JPY (0.0Y/400.5sq.m)
Keiseiookubo146,809 JPY (0.0Y/174.5sq.m)111,145 JPY (0.0Y/200.8sq.m)118,657 JPY (0.0Y/184.3sq.m)
Mimomi83,902 JPY (0.0Y/146.0sq.m)72,771 JPY (0.0Y/182.5sq.m)95,786 JPY (0.0Y/373.0sq.m)
Yachiyodai95,398 JPY (0.0Y/263.7sq.m)70,276 JPY (0.0Y/257.9sq.m)98,404 JPY (0.0Y/185.0sq.m)
Keiseioowada57,440 JPY (0.0Y/192.9sq.m)67,904 JPY (0.0Y/137.5sq.m)92,460 JPY (0.0Y/153.0sq.m)
Katsutadai39,171 JPY (0.0Y/338.5sq.m)90,805 JPY (0.0Y/521.2sq.m)69,728 JPY (0.0Y/296.7sq.m)
Shidu55,997 JPY (0.0Y/301.5sq.m)69,838 JPY (0.0Y/161.0sq.m)53,069 JPY (0.0Y/232.1sq.m)
Yu-Karigaoka123,151 JPY (0.0Y/230.7sq.m)72,367 JPY (0.0Y/455.0sq.m)68,105 JPY (0.0Y/297.7sq.m)
Keiseiusui60,182 JPY (0.0Y/397.5sq.m)28,152 JPY (0.0Y/280.0sq.m)56,330 JPY (0.0Y/482.0sq.m)
Keiseisakura35,946 JPY (0.0Y/391.8sq.m)32,770 JPY (0.0Y/517.1sq.m)39,913 JPY (0.0Y/523.9sq.m)
Oosakura2,758 JPY (0.0Y/1270.0sq.m)--
Keiseishisui54,375 JPY (0.0Y/160.0sq.m)-25,336 JPY (0.0Y/328.0sq.m)
Sougosanndou76,771 JPY (0.0Y/410.0sq.m)-52,452 JPY (0.0Y/249.0sq.m)
Koudunomori20,123 JPY (0.0Y/671.2sq.m)33,022 JPY (0.0Y/168.0sq.m)45,732 JPY (0.0Y/404.5sq.m)
Keiseinarita103,409 JPY (0.0Y/410.0sq.m)57,899 JPY (0.0Y/182.0sq.m)37,475 JPY (0.0Y/329.4sq.m)
Narita Airport3,030 JPY (0.0Y/831.7sq.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.

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Noteworthy stations

Keiseiusui60,182 JPY/sq.m (+114% compared with the previous year)

The average price of a sq.m Land of Keiseiusui was 60,182 JPY/sq.m. The market value represents an increase of 32,030 JPY (+113.8%) 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 397.5 sq.m (a +42.0% increase compared to the 280.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.5 min in 2017 and 13.0 min in 2018; -39.5%)

Keiseinarita103,409 JPY/sq.m (+79% compared with the previous year)

The average price of a sq.m Land of Keiseinarita was 103,409 JPY/sq.m. The market value represents an increase of 45,510 JPY (+78.6%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 410.0 sq.m (a +125.3% increase compared to the 182.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 23.0 min in 2017 and 38.0 min in 2018; +65.2%)

Katsutadai39,171 JPY/sq.m (-57% compared with the previous year)

The average price of a sq.m Land of Katsutadai was 39,171 JPY/sq.m. The market value represents a decrease of 51,634 JPY (-56.9%) compared to 1 year ago and a transition to a dramatic market. 17 properties exchanged hands ( The market value represents an increase of 9 (+112.5%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 338.5 sq.m (a -35.1% decrease compared to the 521.2 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 30.9 min in 2017 and 36.1 min in 2018; +16.8%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2017 and 5.9% of total transactions in 2018)

Koudunomori20,123 JPY/sq.m (-39% compared with the previous year)

The average price of a sq.m Land of Koudunomori was 20,123 JPY/sq.m. The market value represents a decrease of 12,899 JPY (-39.1%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 671.2 sq.m (a +299.6% increase compared to the 168.0 sq.m of last year.).


Breakdown of each segment

Station:   Segment:

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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)