Shibuya Apartment average value

Price 55,080,000 JPY
  (1,162,642 JPY/sq.m)
- Age 25.0 years old
- Dist. from Sta. 8.5 min walk
- Property area 44.2 sq.m

The average price of a sq.m Apartment of Tokyo Tokyu Toyoko Line Shibuya, in 2018 was 1,361,914 JPY/sq.m. The market value represents an increase of 166,580 JPY (+13.9%) compared to 1 year ago and a transition to a bull market. 25 properties exchanged hands ( The market value represents an increase of 4 (+19.0%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 24.8 years old (a +4.5% increase compared to the 23.7 years old of last year.). The average size of the real estate was 41.8 sq.m (a -11.3% decrease compared to the 47.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 15.0% of total transactions in 2017 and 25.0% of total transactions in 2018)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2017 and 25.0% of total transactions in 2018)
Data regarding the market value and its changes of Apartment in Shibuya were calculated using data on the sales of 741 properties provided by the MLIT Japan.

Shibuya Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
円山町18,000,000 JPY3,966,942 JPY/sq.mShibuya8 min
鶯谷町23,000,000 JPY1,689,623 JPY/sq.mShibuya8 min
円山町19,000,000 JPY4,187,326 JPY/sq.mShibuya8 min
円山町19,000,000 JPY4,187,326 JPY/sq.mShibuya8 min
円山町48,000,000 JPY3,173,554 JPY/sq.mShibuya8 min
円山町20,000,000 JPY4,407,712 JPY/sq.mShibuya8 min
19,000,000 JPY4,187,326 JPY/sq.mShibuya8 min
円山町36,000,000 JPY2,163,785 JPY/sq.mShibuya8 min

Apartment value Age transition

Market values (unit price: sq.m, m2) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New1,762,860 JPY/sq.m100 %
Residual Value (10 Years)1,461,313 JPY/sq.m83 %
Residual Value (20 Years)1,209,303 JPY/sq.m69 %
Residual Value (20 Years)1,006,832 JPY/sq.m57 %
Color:
Unit:   Touch:



Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




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Calculate Shibuya Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Shibuya Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

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Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Tokyo Shibuya-Ku 東Shibuya-Ku Shibuya 9.0 min walk)
17.5 years old , Area: 35 sq.m , Structure: RC
- Trading date: 2015-09-01T00:00:00Z

Trading price:   31,000,000 JPY,    Unit price:   885,714 JPY/sq.m

2. Tokyo Shibuya-Ku 桜丘町Shibuya-Ku Shibuya 7.0 min walk)
20.5 years old , Area: 30 sq.m , Layout: 1DK
- Trading date: 2018-09-01T00:00:00Z

Trading price:   47,000,000 JPY,    Unit price:   1,566,666 JPY/sq.m

3. Tokyo Shibuya-Ku 東Shibuya-Ku Shibuya 8.0 min walk)
16.8 years old , Area: 30 sq.m , Layout: 1DK , Structure: RC
- Trading date: 2014-12-01T00:00:00Z

Trading price:   30,000,000 JPY,    Unit price:   1,000,000 JPY/sq.m

4. Tokyo Shibuya-Ku 鶯谷町Shibuya-Ku Shibuya 9.0 min walk)
16.8 years old , Area: 35 sq.m , Layout: 1LDK , Structure: RC
- Trading date: 2013-12-01T00:00:00Z

Trading price:   30,000,000 JPY,    Unit price:   857,142 JPY/sq.m

5. Tokyo Shibuya-Ku 神山町Shibuya-Ku Shibuya 9.0 min walk)
16.0 years old , Area: 40 sq.m , Layout: 1K , Structure: RC
- Trading date: 2017-03-01T00:00:00Z

Trading price:   28,000,000 JPY,    Unit price:   700,000 JPY/sq.m

6. Tokyo Shibuya-Ku 渋谷Shibuya-Ku Shibuya 8.0 min walk)
22.3 years old , Area: 35 sq.m , Layout: 1K , Structure: SRC
- Trading date: 2006-06-01T00:00:00Z

Trading price:   30,000,000 JPY,    Unit price:   857,142 JPY/sq.m

7. Tokyo Shibuya-Ku 鶯谷町Shibuya-Ku Shibuya 9.0 min walk)
15.3 years old , Area: 30 sq.m , Layout: 1LDK , Structure: RC
- Trading date: 2012-06-01T00:00:00Z

Trading price:   21,000,000 JPY,    Unit price:   700,000 JPY/sq.m

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Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

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Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:



Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 15.0% of total transactions in 2017 and 25.0% of total transactions in 2018)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 20.0% of total transactions in 2017 and 25.0% of total transactions in 2018)
The table below shows Apartment dealt in Tokyo Tokyu Toyoko Line Shibuya, 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:

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    Area close to the price in Shibuya

    The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

    Area / Station Median
    Price
    JPY
    Unit price
    JPY/sq.m
    Age
    Years old
    Distance
    min walk
    Area
    Toyoko Line Nakameguro (391) [Stations]41,500,0001,048,07618.8 yrs7 min45 sq.m
    Tokyu Toyoko Line (3,100) [Stations]35,500,000938,75018.5 yrs8 min45 sq.m
    Toyoko Line Jiyuugaoka (108) [Stations]50,000,000915,55519.9 yrs8 min55 sq.m
    Toyoko Line Gakugeidaigaku (687) [Stations]35,000,000860,00018.3 yrs10 min45 sq.m
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