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 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)

Land stations market overview

The average price of Daijinnguushita Land, 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 Koudunomori Land, 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kounodai---
Ichikawamama---
Sugano86,923 JPYsq.m
(0.070.0sq.m)
--
Keiseiyawata---
Onigoe---
Keiseinakayama237,037 JPYsq.m
(0.0135sq.m)
--
Higashinakayama--242,276 JPYsq.m
(0.0204sq.m)
Keiseinishifuna--210,810 JPYsq.m
(0.0185sq.m)
Kaijinn197,222 JPYsq.m
(0.0150sq.m)
155,931 JPYsq.m
(0.0214sq.m)
159,316 JPYsq.m
(0.0146sq.m)
Keiseifunabashi---
Daijinnguushita288,571 JPYsq.m
(0.0138sq.m)
272,727 JPYsq.m
(0.0110sq.m)
127,198 JPYsq.m
(0.0135sq.m)
Funabashikeibajou269,217 JPYsq.m
(0.0118sq.m)
-170,201 JPYsq.m
(0.0103sq.m)
Yatsu231,819 JPYsq.m
(0.0182sq.m)
-271,855 JPYsq.m
(0.0178sq.m)
Keiseitsudanuma168,295 JPYsq.m
(0.0237sq.m)
229,058 JPYsq.m
(0.0185sq.m)
211,568 JPYsq.m
(0.0400sq.m)
Keiseiookubo146,809 JPYsq.m
(0.0174sq.m)
111,145 JPYsq.m
(0.0201sq.m)
118,657 JPYsq.m
(0.0184sq.m)
Mimomi83,902 JPYsq.m
(0.0146sq.m)
72,771 JPYsq.m
(0.0182sq.m)
95,786 JPYsq.m
(0.0373sq.m)
Yachiyodai95,398 JPYsq.m
(0.0264sq.m)
70,276 JPYsq.m
(0.0258sq.m)
98,404 JPYsq.m
(0.0185sq.m)
Keiseioowada57,440 JPYsq.m
(0.0193sq.m)
67,904 JPYsq.m
(0.0138sq.m)
92,460 JPYsq.m
(0.0153sq.m)
Katsutadai39,171 JPYsq.m
(0.0339sq.m)
90,805 JPYsq.m
(0.0521sq.m)
69,728 JPYsq.m
(0.0297sq.m)
Shidu55,997 JPYsq.m
(0.0302sq.m)
69,838 JPYsq.m
(0.0161sq.m)
53,069 JPYsq.m
(0.0232sq.m)
Yu-Karigaoka123,151 JPYsq.m
(0.0231sq.m)
72,367 JPYsq.m
(0.0455sq.m)
68,105 JPYsq.m
(0.0298sq.m)
Keiseiusui60,182 JPYsq.m
(0.0398sq.m)
28,152 JPYsq.m
(0.0280sq.m)
56,330 JPYsq.m
(0.0482sq.m)
Keiseisakura35,946 JPYsq.m
(0.0392sq.m)
32,770 JPYsq.m
(0.0517sq.m)
39,913 JPYsq.m
(0.0524sq.m)
Oosakura2,758 JPYsq.m
(0.01,270sq.m)
--
Keiseishisui54,375 JPYsq.m
(0.0160sq.m)
-25,336 JPYsq.m
(0.0328sq.m)
Sougosanndou76,771 JPYsq.m
(0.0410sq.m)
-52,452 JPYsq.m
(0.0249sq.m)
Koudunomori20,123 JPYsq.m
(0.0671sq.m)
33,022 JPYsq.m
(0.0168sq.m)
45,732 JPYsq.m
(0.0404sq.m)
Keiseinarita103,409 JPYsq.m
(0.0410sq.m)
57,899 JPYsq.m
(0.0182sq.m)
37,475 JPYsq.m
(0.0329sq.m)
Narita Airport3,030 JPYsq.m
(0.0832sq.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

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

The average price of Keiseiusui Land 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 Keiseinarita Land 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 Katsutadai Land 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 Koudunomori Land 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:

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)