Keisei Narita Airport line railway market report

Keisei Narita Airport line Land market overview

The average price of a sq.m Land of Keisei Narita Airport line (Higashi-Matsudo to Narita Airport), in Jan, 2015 to Mar, 2015 was 95,396 JPY/sq.m. The market value represents a decrease of 43,859 JPY (-31.5%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 10 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 732.5 sq.m (a +10.0% increase compared to the 665.7 sq.m of last year.).

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

0 stations have experienced increased prices; 2 stations have experienced decreased prices. The market value decreased in all stations.

The top 1 stations has seen prices increase -40.4% (-71,226 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -57.9% (-124,433 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 12.3 min in 2014 and 11.0 min in 2015; -10.5%)

Breakdown of each segment

The table below shows Land dealt in Keisei Narita Airport 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

Top

Land stations market overview

The average price of a sq.m Land of Higashi-Matsudo, the highest market value along this railway was 105,263 JPY/sq.m. The market value represents a decrease of 71,226 JPY (-40.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Shinnkamagaya, the lowest market value along this railway was 90,462 JPY/sq.m. The market value represents a decrease of 124,433 JPY (-57.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Keisei Narita Airport line (Stations Land market overview)
Keisei Narita Airport lineThis year(2015)1 year ago2 years ago
Higashi-Matsudo105,263 JPY (0.0Y/190.0sq.m)176,489 JPY (0.0Y/890.0sq.m)-
Shinnkamagaya90,462 JPY (0.0Y/913.3sq.m)214,895 JPY (0.0Y/700.0sq.m)165,870 JPY (0.0Y/270.7sq.m)
Chibanyu-Taunnchuuou-38,044 JPY (0.0Y/565.0sq.m)43,487 JPY (0.0Y/1122.5sq.m)
Innbanihonnidai-15,789 JPY (0.0Y/190.0sq.m)76,470 JPY (0.0Y/170.0sq.m)
Naritayukawa---
Narita Airport---

*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.

Top

Noteworthy stations

Higashi-Matsudo105,263 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Land of Higashi-Matsudo was 105,263 JPY/sq.m. The market value represents a decrease of 71,226 JPY (-40.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 190.0 sq.m (a -78.7% decrease compared to the 890.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 3.3 min in 2014 and 12.0 min in 2015; +260.0%)

Shinnkamagaya90,462 JPY/sq.m (-58% compared with the previous year)

The average price of a sq.m Land of Shinnkamagaya was 90,462 JPY/sq.m. The market value represents a decrease of 124,433 JPY (-57.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 3 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 913.3 sq.m (a +30.5% increase compared to the 700.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 9.3 min in 2014 and 10.7 min in 2015; +14.3%)

Breakdown of each segment

Station:   Segment:

Top

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)