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 Apr, 2019 to Jun, 2019 was 114,174 JPY/sq.m. The market value represents an increase of 16,161 JPY (+16.5%) compared to 1 year ago and a transition to a bull market. 73 properties exchanged hands ( The market value represents a decrease of 5 (-6.4%) compared to 1 year ago and a transition to a bear market.).

The average size of the real estate was 292.2 sq.m (a +32.7% increase compared to the 220.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

7 stations have experienced increased prices; 9 stations have experienced decreased prices. Market value of most stations decreased. Keiseitsudanuma, Katsutadai, Koudunomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Keiseisakura station, where prices have increased +244.4% compared to last year; a sq.m unit now costs 53,345 JPY/sq.m.

The top 2 stations has seen prices increase +235.4% (+26,346 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -55.9% (-46,465 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 19.7 min in 2018 and 15.5 min in 2019; -21.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 1.3% of total transactions in 2018 and 5.5% of total transactions in 2019)

Land stations market overview

The average price of Onigoe Land, the highest market value along this railway was 356,522 JPY/sq.m. The market value represents an increase of 52,522 JPY (+17.3%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average price of Sougosanndou Land, the lowest market value along this railway was 21,388 JPY/sq.m. The market value represents an increase of 14,836 JPY (+226.4%) 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-154,312 JPYsq.m
(0.0115sq.m)
-
Sugano-20,000 JPYsq.m
(0.075.0sq.m)
-
Keiseiyawata---
Onigoe356,522 JPYsq.m
(0.0115sq.m)
304,000 JPYsq.m
(0.0250sq.m)
274,074 JPYsq.m
(0.0135sq.m)
Keiseinakayama---
Higashinakayama191,250 JPYsq.m
(0.060.0sq.m)
--
Keiseinishifuna---
Kaijinn93,207 JPYsq.m
(0.0300sq.m)
195,556 JPYsq.m
(0.0120sq.m)
181,923 JPYsq.m
(0.0192sq.m)
Keiseifunabashi283,333 JPYsq.m
(0.0120sq.m)
--
Daijinnguushita-240,000 JPYsq.m
(0.0100sq.m)
-
Funabashikeibajou206,667 JPYsq.m
(0.0150sq.m)
322,222 JPYsq.m
(0.090.0sq.m)
-
Yatsu261,269 JPYsq.m
(0.0188sq.m)
312,000 JPYsq.m
(0.0112sq.m)
214,256 JPYsq.m
(0.0124sq.m)
Keiseitsudanuma287,376 JPYsq.m
(0.0248sq.m)
199,394 JPYsq.m
(0.0120sq.m)
241,023 JPYsq.m
(0.0214sq.m)
Keiseiookubo114,203 JPYsq.m
(0.0242sq.m)
189,861 JPYsq.m
(0.0142sq.m)
119,653 JPYsq.m
(0.0152sq.m)
Mimomi43,230 JPYsq.m
(0.0137sq.m)
92,227 JPYsq.m
(0.0129sq.m)
104,925 JPYsq.m
(0.0294sq.m)
Yachiyodai110,038 JPYsq.m
(0.0230sq.m)
113,190 JPYsq.m
(0.0148sq.m)
93,613 JPYsq.m
(0.0164sq.m)
Keiseioowada116,129 JPYsq.m
(0.0155sq.m)
57,692 JPYsq.m
(0.0260sq.m)
61,772 JPYsq.m
(0.0172sq.m)
Katsutadai73,091 JPYsq.m
(0.0235sq.m)
40,476 JPYsq.m
(0.0449sq.m)
47,063 JPYsq.m
(0.0448sq.m)
Shidu31,039 JPYsq.m
(0.0507sq.m)
74,972 JPYsq.m
(0.0180sq.m)
40,745 JPYsq.m
(0.0290sq.m)
Yu-Karigaoka141,204 JPYsq.m
(0.0247sq.m)
-114,672 JPYsq.m
(0.0190sq.m)
Keiseiusui34,464 JPYsq.m
(0.0380sq.m)
45,919 JPYsq.m
(0.0324sq.m)
59,932 JPYsq.m
(0.0212sq.m)
Keiseisakura53,345 JPYsq.m
(0.0430sq.m)
15,490 JPYsq.m
(0.0290sq.m)
35,473 JPYsq.m
(0.0472sq.m)
Oosakura---
Keiseishisui-1,143 JPYsq.m
(0.0350sq.m)
-
Sougosanndou21,388 JPYsq.m
(0.01,065sq.m)
6,552 JPYsq.m
(0.0290sq.m)
-
Koudunomori74,240 JPYsq.m
(0.0279sq.m)
38,788 JPYsq.m
(0.0181sq.m)
42,265 JPYsq.m
(0.0269sq.m)
Keiseinarita52,004 JPYsq.m
(0.0358sq.m)
59,242 JPYsq.m
(0.0374sq.m)
136,504 JPYsq.m
(0.0230sq.m)
Narita Airport-59,394 JPYsq.m
(0.0165sq.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

Keiseisakura53,345 JPY/sq.m (+244% compared with the previous year)

The average price of Keiseisakura Land was 53,345 JPY/sq.m. The market value represents an increase of 37,855 JPY (+244.4%) compared to 1 year ago and a transition to a dramatic 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 size of the real estate was 430.0 sq.m (a +48.3% increase compared to the 290.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 21.3 min in 2018 and 16.5 min in 2019; -22.7%)

Sougosanndou21,388 JPY/sq.m (+226% compared with the previous year)

The average price of Sougosanndou Land was 21,388 JPY/sq.m. The market value represents an increase of 14,836 JPY (+226.4%) 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 1065.0 sq.m (a +267.2% increase compared to the 290.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2018 and 15.5 min in 2019; +55.0%)

Shidu31,039 JPY/sq.m (-59% compared with the previous year)

The average price of Shidu Land was 31,039 JPY/sq.m. The market value represents a decrease of 43,933 JPY (-58.6%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 507.0 sq.m (a +181.7% increase compared to the 180.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.0 min in 2018 and 14.6 min in 2019; +32.7%)

Mimomi43,230 JPY/sq.m (-53% compared with the previous year)

The average price of Mimomi Land was 43,230 JPY/sq.m. The market value represents a decrease of 48,997 JPY (-53.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 11 (-78.6%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 136.7 sq.m (a +6.0% increase compared to the 128.9 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 12.2 min in 2018 and 18.0 min in 2019; +47.4%)

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)