千代田区
Data last updated: November 2026 (Land Price Publication 2026, Prefectural Survey 2026, transactions through Q2 2026)
Tap anywhere on the map to get an estimate for that spot. Map: GSI Tiles.
| Avg. residential land price | Now | 1 year | 3 years | 5 years | 10 years |
|---|---|---|---|---|---|
| Forecast Forecast +6.0% a year | ¥3.88M/m² | ¥4.11M/m² | ¥4.62M/m² | ¥5.19M/m² | ¥6.94M/m² |
Forecasts are projections, not guarantees. 10-year range: ¥5.69M/m²–¥8.19M/m²
Not by ward Assessed values are not published for Chiyoda Ward alone. The total for Tokyo 23 wards as a whole is ¥274.2 trillion (land ¥236.3 trillion, buildings ¥37.9 trillion).
| Area | Avg. residential | ≈ USD/sq ft | Chiyoda Ward is | 1 year | 5 years | Condos per m² | Index |
|---|---|---|---|---|---|---|---|
| Chiyoda Ward | ¥3.88M/m² | $2,290/sq ft | +12.2% | +42.3% | ¥1.70M/m² | 97 | |
| Tokyo 23 wards | ¥852K/m² | $504/sq ft | 4.5x | +10.9% | +37.2% | ¥1.08M/m² | — |
| Tokyo | ¥547K/m² | $323/sq ft | 7.1x | +8.1% | +27.3% | ¥1.00M/m² | 100 |
| Japan | ¥120K/m² | $71/sq ft | 32.4x | +2.1% | +8.0% | ¥493K/m² | — |
| Area | Avg. residential | Avg. commercial | 1 year | 5 years | Condos per m² | Sales |
|---|---|---|---|---|---|---|
| Rokubancho 六番町 |
¥5.50M/m² | — | +10.8% | +34.9% | ¥3.17M/m² | 8 |
| Sambancho 三番町 |
¥4.47M/m² | — | +11.7% | +44.5% | ¥1.80M/m² | 40 |
| Ichibancho 一番町 |
¥4.15M/m² | ¥4.07M/m² | +13.7% | +43.3% | ¥2.10M/m² | 43 |
| Kudankita 九段北 |
¥4.07M/m² | ¥5.30M/m² | +12.1% | +39.6% | ¥1.68M/m² | 12 |
| Kojimachi 麹町 |
¥3.61M/m² | ¥5.88M/m² | +10.0% | +34.1% | ¥2.49M/m² | 39 |
| Nibancho 二番町 |
¥3.37M/m² | ¥5.64M/m² | +10.3% | +39.4% | ¥1.46M/m² | 14 |
| Kioicho 紀尾井町 |
¥2.80M/m² | ¥4.20M/m² | +9.2% | +39.1% | ¥5.91M/m² | 14 |
| Hirakawacho 平河町 |
¥2.51M/m² | ¥4.52M/m² | +15.2% | +62.0% | ¥1.20M/m² | 36 |
| Fujimi 富士見 |
¥2.18M/m² | ¥3.97M/m² | +12.6% | +51.8% | ¥3.33M/m² | 33 |
| Iwamotocho 岩本町 |
— | ¥2.57M/m² | +18.0% | +68.6% | ¥1.43M/m² | 70 |
| Kandajimbocho 神田神保町 |
— | ¥3.33M/m² | +16.2% | +57.4% | ¥1.83M/m² | 77 |
| Higashikanda 東神田 |
— | ¥1.43M/m² | +18.0% | +70.4% | ¥1.40M/m² | 57 |
| Sotokanda 外神田 |
— | ¥6.21M/m² | +14.9% | +48.6% | ¥1.83M/m² | 49 |
| Iidabashi 飯田橋 |
— | ¥4.34M/m² | +7.6% | +33.5% | ¥2.00M/m² | 48 |
| Uchikanda 内神田 |
— | ¥5.83M/m² | +14.1% | +49.0% | ¥2.06M/m² | 41 |
| Kudamminami 九段南 |
— | ¥3.23M/m² | +14.6% | +56.4% | ¥1.66M/m² | 24 |
| Kandasudacho 神田須田町 |
— | ¥5.57M/m² | +12.2% | +55.5% | ¥1.64M/m² | 30 |
| Kandasakumacho 神田佐久間町 |
— | ¥2.47M/m² | +18.8% | +56.3% | ¥1.61M/m² | 26 |
| Kandatacho 神田多町 |
— | — | — | — | ¥1.68M/m² | 32 |
| Kandanishikicho 神田錦町 |
— | ¥4.83M/m² | +14.8% | +45.0% | ¥1.63M/m² | 28 |
| Kandasarugakucho 神田猿楽町 |
— | ¥2.54M/m² | +17.6% | +56.8% | ¥1.43M/m² | 23 |
| Kandahigashimatsushitacho 神田東松下町 |
— | — | — | — | ¥1.57M/m² | 21 |
| Kandaawajicho 神田淡路町 |
— | — | — | — | ¥3.43M/m² | 18 |
| Kandasurugadai 神田駿河台 |
— | ¥4.16M/m² | +15.5% | +58.5% | ¥1.23M/m² | 16 |
| Kandaogawamachi 神田小川町 |
— | ¥7.66M/m² | +9.8% | +34.5% | ¥1.88M/m² | 11 |
| Yombancho 四番町 |
— | — | — | — | ¥3.60M/m² | 18 |
| Kandamisakicho 神田三崎町 |
— | ¥3.35M/m² | +16.6% | +51.2% | ¥1.71M/m² | 17 |
| Gobancho 五番町 |
— | — | — | — | ¥1.42M/m² | 11 |
| Kandaizumicho 神田和泉町 |
— | ¥2.28M/m² | +17.5% | +81.0% | ¥1.84M/m² | 9 |
| Nagatacho 永田町 |
— | ¥6.63M/m² | +11.5% | +35.8% | ¥2.25M/m² | 7 |
| Kandatsukasamachi 神田司町 |
— | ¥2.67M/m² | +17.9% | +69.2% | ¥1.70M/m² | 8 |
| Nishikanda 西神田 |
— | ¥5.70M/m² | +8.6% | +40.4% | — | 3 |
| Kajicho 鍛冶町 |
— | ¥5.25M/m² | +11.0% | +33.2% | ¥2.11M/m² | 7 |
| Kandaneribeicho 神田練塀町 |
— | — | — | — | ¥1.34M/m² | 4 |
| Hayabusacho 隼町 |
— | ¥4.85M/m² | +15.8% | +65.5% | ¥1.20M/m² | 3 |
| Kandamitoshirocho 神田美土代町 |
— | — | — | — | ¥2.00M/m² | 5 |
| Kandatomiyamacho 神田富山町 |
— | ¥3.87M/m² | +15.2% | +61.3% | ¥1.60M/m² | 3 |
| Kandakon-yacho 神田紺屋町 |
— | ¥2.92M/m² | +15.0% | +50.5% | — | 2 |
| Kandakajicho 神田鍛冶町 |
— | — | — | — | — | 2 |
| Kandahirakawacho 神田平河町 |
— | — | — | — | — | 1 |
| Kandasakumagashi 神田佐久間河岸 |
— | — | — | — | — | — |
| Yuurakucho 有楽町 |
— | ¥13.5M/m² | +5.7% | +11.3% | — | — |
| 霞が関 霞が関 |
— | ¥12.6M/m² | +4.7% | +18.6% | — | — |
| 丸の内 丸の内 |
— | ¥31.1M/m² | +2.0% | +2.3% | — | — |
| 大手町 大手町 |
— | ¥24.9M/m² | +1.8% | +4.1% | — | — |
| 神田美倉町 神田美倉町 |
— | ¥3.52M/m² | +14.3% | +66.8% | — | — |
| 神田岩本町 神田岩本町 |
— | ¥4.24M/m² | +11.9% | +37.2% | — | — |
| 神田松永町 神田松永町 |
— | ¥5.03M/m² | +10.1% | +45.0% | — | — |
| 神田相生町 神田相生町 |
— | ¥11.8M/m² | +10.3% | +31.0% | — | — |
| 内幸町 内幸町 |
— | ¥15.4M/m² | +2.7% | +7.7% | — | — |
| 一ツ橋 一ツ橋 |
— | ¥2.45M/m² | +18.4% | +60.1% | — | — |
| Location | Use | Price per m² | ≈ USD/sq ft | 1 year | Station |
|---|---|---|---|---|---|
| 東京都 千代田区丸の内２丁目２番１外 Land Price Publication 2026 |
Commercial | ¥37.6M/m² | $22,214/sq ft | +1.3% | 東京 |
| 東京都 千代田区大手町２丁目４番２外 Land Price Publication 2026 |
Commercial | ¥29.8M/m² | $17,606/sq ft | +1.4% | 大手町 |
| 東京都 千代田区丸の内三丁目２番外 Prefectural Survey 2026 |
Commercial | ¥28.2M/m² | $16,661/sq ft | +3.3% | 大規模な高層事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区大手町１丁目３番３外 Land Price Publication 2026 |
Commercial | ¥27.8M/m² | $16,424/sq ft | ±0.0% | 大手町 |
| 東京都 千代田区丸の内３丁目２番外 Land Price Publication 2026 |
Commercial | ¥27.5M/m² | $16,247/sq ft | +1.5% | 東京 480 m |
| 東京都 千代田区大手町一丁目５番３９外 Prefectural Survey 2026 |
Commercial | ¥26.9M/m² | $15,892/sq ft | +3.5% | 高層の本社ビル等の建ち並ぶ業務商業地域 |
| 東京都 千代田区有楽町１丁目１２番２ Land Price Publication 2026 |
Commercial | ¥22.0M/m² | $12,998/sq ft | +1.4% | 日比谷 100 m |
| 東京都 千代田区霞が関１丁目１１番外 Land Price Publication 2026 |
Commercial | ¥16.1M/m² | $9,512/sq ft | +3.2% | 虎ノ門 |
| 東京都 千代田区外神田四丁目１００番外 Prefectural Survey 2026 |
Commercial | ¥16.0M/m² | $9,453/sq ft | +11.1% | 中高層店舗ビルを中心とする繁華な商業地域 |
| 東京都 千代田区内幸町１丁目４番外 Land Price Publication 2026 |
Commercial | ¥15.4M/m² | $9,098/sq ft | +2.7% | 内幸町 |
| 東京都 千代田区大手町１丁目１１番外 Land Price Publication 2026 |
Commercial | ¥14.9M/m² | $8,803/sq ft | +2.1% | 竹橋 |
| 東京都 千代田区神田相生町１０１番外 Land Price Publication 2026 |
Commercial | ¥11.8M/m² | $6,971/sq ft | +10.3% | 秋葉原 |
| 東京都 千代田区外神田三丁目１０番１外 Prefectural Survey 2026 |
Commercial | ¥9.51M/m² | $5,618/sq ft | +10.1% | 中高層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区永田町２丁目８１番１外 Land Price Publication 2026 |
Commercial | ¥9.40M/m² | $5,554/sq ft | +5.0% | 赤坂見附 140 m |
| 東京都 千代田区霞が関三丁目５３番２外 Prefectural Survey 2026 |
Commercial | ¥9.06M/m² | $5,353/sq ft | +6.2% | 高層の事務所が建ち並ぶ官公庁の多い商業地域 |
| 東京都 千代田区麹町四丁目４番２ Prefectural Survey 2026 |
Commercial | ¥8.18M/m² | $4,833/sq ft | +8.2% | 中高層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区神田小川町一丁目１番１外 Prefectural Survey 2026 |
Commercial | ¥7.92M/m² | $4,679/sq ft | +10.2% | 中高層の店舗兼事務所の建ち並ぶ商業地域 |
| 東京都 千代田区麹町４丁目４番２ Land Price Publication 2026 |
Commercial | ¥7.87M/m² | $4,650/sq ft | +8.6% | 麹町 200 m |
| 東京都 千代田区神田小川町１丁目１番１外 Land Price Publication 2026 |
Commercial | ¥7.54M/m² | $4,455/sq ft | +11.2% | 淡路町 |
| 東京都 千代田区神田小川町三丁目６番５外 Prefectural Survey 2026 |
Commercial | ¥7.53M/m² | $4,449/sq ft | +8.0% | 主に中高層のスポーツ用品店が建ち並ぶ商業地域 |
| 東京都 千代田区九段北４丁目２番８ Land Price Publication 2026 |
Commercial | ¥7.37M/m² | $4,354/sq ft | +7.9% | 都営市ヶ谷 |
| 東京都 千代田区神田錦町１丁目６番１外 Land Price Publication 2026 |
Commercial | ¥7.32M/m² | $4,325/sq ft | +12.6% | 小川町 150 m |
| 東京都 千代田区神田須田町一丁目２６番２ Prefectural Survey 2026 |
Commercial | ¥7.32M/m² | $4,325/sq ft | +10.1% | 高層の店舗兼事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区外神田１丁目５６番２ Land Price Publication 2026 |
Commercial | ¥7.15M/m² | $4,224/sq ft | +10.2% | 秋葉原 120 m |
| 東京都 千代田区神田神保町２丁目２番１５ Land Price Publication 2026 |
Commercial | ¥7.07M/m² | $4,177/sq ft | +10.6% | 神保町 |
| 東京都 千代田区神田駿河台一丁目８番３外 Prefectural Survey 2026 |
Commercial | ¥6.62M/m² | $3,911/sq ft | +9.2% | 大学、店舗兼事務所ビル等が建ち並ぶ商業地域 |
| 東京都 千代田区内神田１丁目３１番６ Land Price Publication 2026 |
Commercial | ¥6.57M/m² | $3,882/sq ft | +14.9% | 大手町 300 m |
| 東京都 千代田区内神田二丁目２３番６ Prefectural Survey 2026 |
Commercial | ¥6.48M/m² | $3,828/sq ft | +10.0% | 中高層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区内神田一丁目６番１外 Prefectural Survey 2026 |
Commercial | ¥5.95M/m² | $3,515/sq ft | +12.5% | 中高層の店舗兼事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区六番町６番１外 Prefectural Survey 2026 |
Residential | ¥5.70M/m² | $3,368/sq ft | +11.8% | 中高層マンション、事務所等が混在する住宅地域 |
| 東京都 千代田区西神田一丁目４番２外 Prefectural Survey 2026 |
Commercial | ¥5.70M/m² | $3,368/sq ft | +8.6% | 中高層の店舗兼事務所ビル等が建ち並ぶ商業地域 |
| 東京都 千代田区二番町３番４ Land Price Publication 2026 |
Commercial | ¥5.64M/m² | $3,332/sq ft | +8.7% | 麹町 80 m |
| 東京都 千代田区飯田橋４丁目１１番８ Land Price Publication 2026 |
Commercial | ¥5.33M/m² | $3,149/sq ft | +10.1% | 飯田橋 90 m |
| 東京都 千代田区六番町６番１外 Land Price Publication 2026 |
Residential | ¥5.30M/m² | $3,131/sq ft | +9.7% | 四ツ谷 330 m |
| 東京都 千代田区鍛冶町２丁目２番２８ Land Price Publication 2026 |
Commercial | ¥5.25M/m² | $3,102/sq ft | +11.0% | 神田 170 m |
| 東京都 千代田区神田錦町３丁目１８番１外 Land Price Publication 2026 |
Commercial | ¥5.06M/m² | $2,989/sq ft | +12.4% | 神保町 290 m |
| 東京都 千代田区有楽町１丁目１４番１６外 Land Price Publication 2026 |
Commercial | ¥5.05M/m² | $2,984/sq ft | +10.0% | 日比谷 160 m |
| 東京都 千代田区神田松永町１３番 Prefectural Survey 2026 |
Commercial | ¥5.03M/m² | $2,972/sq ft | +10.1% | 中高層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区飯田橋３丁目２５番２外 Land Price Publication 2026 |
Commercial | ¥4.98M/m² | $2,942/sq ft | +12.7% | 水道橋 200 m |
| 東京都 千代田区隼町５番１４外 Prefectural Survey 2026 |
Commercial | ¥4.85M/m² | $2,865/sq ft | +15.8% | 中高層の店舗兼事務所ビル等が建ち並ぶ商業地域 |
| 東京都 千代田区麹町１丁目１２番６外 Land Price Publication 2026 |
Commercial | ¥4.71M/m² | $2,783/sq ft | +7.3% | 半蔵門 200 m |
| 東京都 千代田区三番町９番４ Prefectural Survey 2026 |
Residential | ¥4.53M/m² | $2,676/sq ft | +11.9% | 中高層の共同住宅が多い住宅地域 |
| 東京都 千代田区平河町１丁目１番６ Land Price Publication 2026 |
Commercial | ¥4.52M/m² | $2,670/sq ft | +19.9% | 半蔵門 220 m |
| 東京都 千代田区九段南２丁目１番２外 Land Price Publication 2026 |
Commercial | ¥4.48M/m² | $2,647/sq ft | +10.3% | 九段下 320 m |
| 東京都 千代田区神田三崎町３丁目７番８外 Land Price Publication 2026 |
Commercial | ¥4.47M/m² | $2,641/sq ft | +12.6% | 水道橋 120 m |
| 東京都 千代田区三番町６番２５ Land Price Publication 2026 |
Residential | ¥4.41M/m² | $2,605/sq ft | +11.4% | 半蔵門 500 m |
| 東京都 千代田区内神田２丁目９番１５ Land Price Publication 2026 |
Commercial | ¥4.33M/m² | $2,558/sq ft | +19.0% | 神田 200 m |
| 東京都 千代田区神田岩本町１番２外 Land Price Publication 2026 |
Commercial | ¥4.24M/m² | $2,505/sq ft | +11.9% | 岩本町 |
| 東京都 千代田区紀尾井町１番４外 Land Price Publication 2026 |
Commercial | ¥4.20M/m² | $2,481/sq ft | +7.7% | 永田町 150 m |
| 東京都 千代田区一番町１６番３ Land Price Publication 2026 |
Residential | ¥4.15M/m² | $2,452/sq ft | +11.0% | 半蔵門 220 m |
| 東京都 千代田区九段北２丁目６番２６ Land Price Publication 2026 |
Residential | ¥4.07M/m² | $2,405/sq ft | +10.6% | 九段下 450 m |
| 東京都 千代田区一番町１３番８ Land Price Publication 2026 |
Commercial | ¥4.07M/m² | $2,405/sq ft | +16.3% | 半蔵門 110 m |
| 東京都 千代田区富士見二丁目２番４外 Prefectural Survey 2026 |
Commercial | ¥3.97M/m² | $2,345/sq ft | +14.4% | 中層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区神田駿河台二丁目１番４７ Prefectural Survey 2026 |
Commercial | ¥3.96M/m² | $2,340/sq ft | +14.5% | 中高層の事務所のほか学校、病院もある商業地域 |
| 東京都 千代田区神田富山町２２番１外 Prefectural Survey 2026 |
Commercial | ¥3.87M/m² | $2,286/sq ft | +15.2% | 中高層の店舗、事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区永田町２丁目２７番１ Land Price Publication 2026 |
Commercial | ¥3.86M/m² | $2,280/sq ft | +18.0% | 永田町 160 m |
| 東京都 千代田区神田須田町二丁目１３番１２ Prefectural Survey 2026 |
Commercial | ¥3.82M/m² | $2,257/sq ft | +14.4% | 高層の事務所ビルが建ち並ぶ商業地域 |
| 東京都 千代田区神田駿河台２丁目１番４７ Land Price Publication 2026 |
Commercial | ¥3.73M/m² | $2,204/sq ft | +19.6% | 御茶ノ水 190 m |
| 東京都 千代田区外神田３丁目４７番６ Land Price Publication 2026 |
Commercial | ¥3.71M/m² | $2,192/sq ft | +15.9% | 末広町 |
| 東京都 千代田区麹町二丁目１０番４外 Prefectural Survey 2026 |
Residential | ¥3.61M/m² | $2,133/sq ft | +9.7% | 中高層マンション、事務所等が混在する住宅地域 |
Sales in the loaded period: Pre-owned condo 1,464 · Land & building 117 · Land 24
| District | Period | Type | Price | Area | Built | Per m² |
|---|---|---|---|---|---|---|
| Kandasarugakucho | Q2 2026 | Pre-owned condo (contract) | ¥110.0M | 75 m² | 1970 | ¥1.47M/m² |
| Kandasarugakucho | Q2 2026 | Pre-owned condo (contract) | ¥140.0M | 90 m² | 1970 | ¥1.56M/m² |
| Kandasarugakucho | Q2 2026 | Pre-owned condo (contract) | ¥60.0M | 75 m² | 1970 | ¥800K/m² |
| Sotokanda | Q2 2026 | Pre-owned condo (contract) | ¥79.0M | 45 m² | 2013 | ¥1.76M/m² |
| Sotokanda | Q2 2026 | Pre-owned condo (contract) | ¥67.0M | 80 m² | 1979 | ¥838K/m² |
| Sotokanda | Q2 2026 | Pre-owned condo (contract) | ¥47.0M | 70 m² | 1979 | ¥671K/m² |
| Sotokanda | Q2 2026 | Pre-owned condo (contract) | ¥150.0M | 55 m² | 2018 | ¥2.73M/m² |
| Sotokanda | Q2 2026 | Pre-owned condo (contract) | ¥36.0M | 35 m² | 1982 | ¥1.03M/m² |
| Sotokanda | Q2 2026 | Pre-owned condo (contract) | ¥35.0M | 25 m² | 2004 | ¥1.40M/m² |
| Sotokanda | Q2 2026 | Pre-owned condo (contract) | ¥130.0M | 60 m² | 2004 | ¥2.17M/m² |
| Kandasudacho | Q2 2026 | Pre-owned condo (contract) | ¥160.0M | 65 m² | 2016 | ¥2.46M/m² |
| Kandasudacho | Q2 2026 | Pre-owned condo (contract) | ¥67.0M | 25 m² | 2018 | ¥2.68M/m² |
| Kandaogawamachi | Q2 2026 | Pre-owned condo (contract) | ¥95.0M | 40 m² | 2010 | ¥2.38M/m² |
| Ichibancho | Q2 2026 | Pre-owned condo (contract) | ¥220.0M | 105 m² | 1979 | ¥2.10M/m² |
| Ichibancho | Q2 2026 | Pre-owned condo (contract) | ¥280.0M | 90 m² | 2008 | ¥3.11M/m² |
| Ichibancho | Q2 2026 | Pre-owned condo (contract) | ¥120.0M | 65 m² | 1979 | ¥1.85M/m² |
| Ichibancho | Q2 2026 | Pre-owned condo (contract) | ¥150.0M | 50 m² | 2008 | ¥3.00M/m² |
| Ichibancho | Q2 2026 | Pre-owned condo (contract) | ¥65.0M | 35 m² | 2012 | ¥1.86M/m² |
| Iidabashi | Q2 2026 | Pre-owned condo (contract) | ¥320.0M | 85 m² | 2021 | ¥3.76M/m² |
| Iidabashi | Q2 2026 | Pre-owned condo (contract) | ¥51.0M | 35 m² | 1999 | ¥1.46M/m² |
Population, income, rent, yield, transport and disaster risk will be added once sourced data is available. Methodology
The average price of residential land in Chiyoda Ward is ¥3,875,455 per m² (about ¥12,811,421 per tsubo), based on 11 sites in the official land price surveys (2026).
Land prices in Chiyoda Ward have risen by +12.2% on average over the past year. Over five years the change is +42.3%.
The median price of pre-owned condo transactions in the last two years is ¥1,700,000 per m², with a median price of ¥72.0 million (837 transactions, MLIT Real Estate Information Library).
The Fudosan Zukan model projects residential land prices to change by +6.0% a year, reaching about ¥6,940,350 per m² in 10 years (range ¥5,691,087–¥8,189,613). Forecasts are projections, not guarantees.
Land prices are official survey prices (Land Price Publication as of January 1, Prefectural Land Price Survey as of July 1); transactions are MLIT transaction and contract prices. Averages, changes, forecasts and the index are calculated by Fudosan Zukan. All prices in Japanese yen; dollar figures (≈) at ¥157.25 = $1 are for reference. Estimated prices and forecasts on this site are for reference only and do not guarantee actual sale prices or appraisal values. The estimate is not a licensed real estate appraisal; it is an "AI-estimated price" calculated from public land price and transaction statistics. Forecasts are projections, not guarantees.