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, 2019 to Mar, 2019 was 110,835 JPY/sq.m. The market value represents an increase of 4,886 JPY (+4.6%) compared to 1 year ago and a transition to a some market. 59 properties exchanged hands ( The market value represents a decrease of 14 (-19.2%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 269.0 sq.m (a -1.3% decrease compared to the 272.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

10 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Keiseinakayama, Kaijinn, Yachiyodai, Katsutadai, Yu-Karigaoka station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Mimomi station, where prices have increased +111.2% compared to last year; a sq.m unit now costs 143,549 JPY/sq.m.

The top 2 stations has seen prices increase +95.6% (+64,202 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -53.4% (-56,994 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.4% of total transactions in 2018 and 3.4% of total transactions in 2019)

Land stations market overview

The average price of Yatsu Land, the highest market value along this railway was 285,000 JPY/sq.m. The market value represents an increase of 34,008 JPY (+13.5%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Keiseishisui Land, the lowest market value along this railway was 24,400 JPY/sq.m. The market value represents a decrease of 29,976 JPY (-55.1%) compared to 1 year ago and a transition to a dramatic 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.).

Keisei Main Line (Stations Land market overview)
Keisei Main LineThis year(2019)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Kounodai---
Ichikawamama---
Sugano---
Keiseiyawata---
Onigoe-333,333 JPYsq.m
(0.0330sq.m)
-
Keiseinakayama211,429 JPYsq.m
(0.035.0sq.m)
170,370 JPYsq.m
(0.0135sq.m)
-
Higashinakayama268,571 JPYsq.m
(0.0350sq.m)
225,581 JPYsq.m
(0.0430sq.m)
-
Keiseinishifuna---
Kaijinn118,788 JPYsq.m
(0.065.0sq.m)
65,957 JPYsq.m
(0.0470sq.m)
197,427 JPYsq.m
(0.0257sq.m)
Keiseifunabashi---
Daijinnguushita--224,432 JPYsq.m
(0.0212sq.m)
Funabashikeibajou232,036 JPYsq.m
(0.0315sq.m)
221,429 JPYsq.m
(0.0140sq.m)
-
Yatsu285,000 JPYsq.m
(0.0115sq.m)
250,992 JPYsq.m
(0.0145sq.m)
235,829 JPYsq.m
(0.097.5sq.m)
Keiseitsudanuma244,444 JPYsq.m
(0.0135sq.m)
205,744 JPYsq.m
(0.0124sq.m)
148,812 JPYsq.m
(0.0464sq.m)
Keiseiookubo117,704 JPYsq.m
(0.0137sq.m)
151,862 JPYsq.m
(0.0121sq.m)
95,599 JPYsq.m
(0.0259sq.m)
Mimomi143,549 JPYsq.m
(0.0413sq.m)
67,977 JPYsq.m
(0.0330sq.m)
66,196 JPYsq.m
(0.0179sq.m)
Yachiyodai123,095 JPYsq.m
(0.0359sq.m)
91,274 JPYsq.m
(0.0405sq.m)
101,440 JPYsq.m
(0.0214sq.m)
Keiseioowada78,571 JPYsq.m
(0.0140sq.m)
79,533 JPYsq.m
(0.0225sq.m)
64,732 JPYsq.m
(0.0160sq.m)
Katsutadai77,966 JPYsq.m
(0.0272sq.m)
52,547 JPYsq.m
(0.0208sq.m)
101,092 JPYsq.m
(0.0210sq.m)
Shidu27,280 JPYsq.m
(0.0184sq.m)
52,461 JPYsq.m
(0.0438sq.m)
56,974 JPYsq.m
(0.0228sq.m)
Yu-Karigaoka117,391 JPYsq.m
(0.0230sq.m)
89,512 JPYsq.m
(0.0179sq.m)
111,846 JPYsq.m
(0.0379sq.m)
Keiseiusui45,807 JPYsq.m
(0.0273sq.m)
53,282 JPYsq.m
(0.0232sq.m)
68,546 JPYsq.m
(0.0420sq.m)
Keiseisakura-40,417 JPYsq.m
(0.0231sq.m)
21,671 JPYsq.m
(0.0267sq.m)
Oosakura-28,214 JPYsq.m
(0.0525sq.m)
-
Keiseishisui24,400 JPYsq.m
(0.0432sq.m)
54,375 JPYsq.m
(0.0160sq.m)
-
Sougosanndou61,111 JPYsq.m
(0.0180sq.m)
88,768 JPYsq.m
(0.0525sq.m)
44,000 JPYsq.m
(0.050.0sq.m)
Koudunomori32,367 JPYsq.m
(0.085.0sq.m)
63,070 JPYsq.m
(0.0294sq.m)
51,061 JPYsq.m
(0.0309sq.m)
Keiseinarita78,571 JPYsq.m
(0.01,400sq.m)
162,583 JPYsq.m
(0.0284sq.m)
62,173 JPYsq.m
(0.0180sq.m)
Narita Airport4,571 JPYsq.m
(0.0175sq.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

Mimomi143,549 JPY/sq.m (+111% compared with the previous year)

The average price of Mimomi Land was 143,549 JPY/sq.m. The market value represents an increase of 75,573 JPY (+111.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents a decrease of 2 (-28.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 413.0 sq.m (a +25.2% increase compared to the 330.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 13.4 min in 2018 and 15.8 min in 2019; +17.7%)

Kaijinn118,788 JPY/sq.m (+80% compared with the previous year)

The average price of Kaijinn Land was 118,788 JPY/sq.m. The market value represents an increase of 52,831 JPY (+80.1%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 65.0 sq.m (a -86.2% decrease compared to the 470.0 sq.m of last year.).

Keiseishisui24,400 JPY/sq.m (-55% compared with the previous year)

The average price of Keiseishisui Land was 24,400 JPY/sq.m. The market value represents a decrease of 29,976 JPY (-55.1%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 432.5 sq.m (a +170.3% increase compared to the 160.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 30.0 min in 2018 and 13.5 min in 2019; -55.0%)

Keiseinarita78,571 JPY/sq.m (-52% compared with the previous year)

The average price of Keiseinarita Land was 78,571 JPY/sq.m. The market value represents a decrease of 84,012 JPY (-51.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1400.0 sq.m (a +393.4% increase compared to the 283.8 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.5 min in 2018 and 29.0 min in 2019; +132.0%)

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)