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 Jul, 2019 to Sep, 2019 was 73,755 JPY/sq.m. The market value represents a decrease of 28,876 JPY (-28.1%) compared to 1 year ago and a transition to a dramatic market. 25 properties exchanged hands ( The market value represents a decrease of 46 (-64.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 418.1 sq.m (a +66.4% increase compared to the 251.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Koudunomori station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Koudunomori station, where prices have increased +83.2% compared to last year; a sq.m unit now costs 81,136 JPY/sq.m.

The top 2 stations has seen prices increase +51.1% (+30,133 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -70.7% (-105,451 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 19.4 min in 2018 and 17.4 min in 2019; -10.4%)

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 8.5% of total transactions in 2018 and 4.0% of total transactions in 2019)

Land stations market overview

The average price of Keiseiookubo Land, the highest market value along this railway was 146,282 JPY/sq.m. The market value represents an increase of 23,419 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Yu-Karigaoka Land, the lowest market value along this railway was 1,765 JPY/sq.m. The market value represents a decrease of 116,652 JPY (-98.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) 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-153,846 JPYsq.m
(0.065.0sq.m)
-
Keiseiyawata---
Onigoe-190,000 JPYsq.m
(0.0100sq.m)
-
Keiseinakayama---
Higashinakayama--148,077 JPYsq.m
(0.0520sq.m)
Keiseinishifuna---
Kaijinn55,422 JPYsq.m
(0.0130sq.m)
-149,996 JPYsq.m
(0.0207sq.m)
Keiseifunabashi---
Daijinnguushita-193,750 JPYsq.m
(0.0320sq.m)
-
Funabashikeibajou--193,548 JPYsq.m
(0.0155sq.m)
Yatsu-258,006 JPYsq.m
(0.0158sq.m)
-
Keiseitsudanuma125,000 JPYsq.m
(0.0480sq.m)
219,249 JPYsq.m
(0.0454sq.m)
229,467 JPYsq.m
(0.0141sq.m)
Keiseiookubo146,282 JPYsq.m
(0.0515sq.m)
122,862 JPYsq.m
(0.0234sq.m)
127,564 JPYsq.m
(0.0204sq.m)
Mimomi115,307 JPYsq.m
(0.0148sq.m)
109,473 JPYsq.m
(0.0161sq.m)
60,276 JPYsq.m
(0.0112sq.m)
Yachiyodai87,586 JPYsq.m
(0.0177sq.m)
82,744 JPYsq.m
(0.0256sq.m)
73,387 JPYsq.m
(0.0344sq.m)
Keiseioowada-52,000 JPYsq.m
(0.0250sq.m)
-
Katsutadai60,530 JPYsq.m
(0.0439sq.m)
76,954 JPYsq.m
(0.0224sq.m)
81,777 JPYsq.m
(0.0314sq.m)
Shidu-51,814 JPYsq.m
(0.0156sq.m)
62,609 JPYsq.m
(0.0177sq.m)
Yu-Karigaoka1,765 JPYsq.m
(0.01,700sq.m)
118,418 JPYsq.m
(0.0217sq.m)
94,651 JPYsq.m
(0.0211sq.m)
Keiseiusui43,120 JPYsq.m
(0.0200sq.m)
42,847 JPYsq.m
(0.0385sq.m)
50,354 JPYsq.m
(0.0656sq.m)
Keiseisakura35,158 JPYsq.m
(0.0544sq.m)
50,034 JPYsq.m
(0.0472sq.m)
28,750 JPYsq.m
(0.0340sq.m)
Oosakura---
Keiseishisui--20,000 JPYsq.m
(0.0200sq.m)
Sougosanndou-52,778 JPYsq.m
(0.0180sq.m)
-
Koudunomori81,136 JPYsq.m
(0.0630sq.m)
44,290 JPYsq.m
(0.0308sq.m)
39,345 JPYsq.m
(0.0194sq.m)
Keiseinarita-65,166 JPYsq.m
(0.0380sq.m)
34,522 JPYsq.m
(0.0551sq.m)
Narita Airport-3,030 JPYsq.m
(0.0248sq.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

Koudunomori81,136 JPY/sq.m (+83% compared with the previous year)

The average price of Koudunomori Land was 81,136 JPY/sq.m. The market value represents an increase of 36,846 JPY (+83.2%) 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 630.0 sq.m (a +104.3% increase compared to the 308.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 57.0 min in 2018 and 22.0 min in 2019; -61.4%)

Keiseiookubo146,282 JPY/sq.m (+19% compared with the previous year)

The average price of Keiseiookubo Land was 146,282 JPY/sq.m. The market value represents an increase of 23,419 JPY (+19.1%) compared to 1 year ago and a transition to a bull market. 2 properties exchanged hands ( The market value represents a decrease of 7 (-77.8%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 515.0 sq.m (a +119.7% increase compared to the 234.4 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.6 min in 2018 and 8.0 min in 2019; -45.0%)

Yu-Karigaoka1,765 JPY/sq.m (-99% compared with the previous year)

The average price of Yu-Karigaoka Land was 1,765 JPY/sq.m. The market value represents a decrease of 116,652 JPY (-98.5%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 5 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 1700.0 sq.m (a +684.6% increase compared to the 216.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 14.7 min in 2018 and 30.0 min in 2019; +104.5%)

Keiseitsudanuma125,000 JPY/sq.m (-43% compared with the previous year)

The average price of Keiseitsudanuma Land was 125,000 JPY/sq.m. The market value represents a decrease of 94,249 JPY (-43.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 480.0 sq.m (a +5.8% increase compared to the 453.8 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)