Shibuya Apartment average value

Price 51,344,000 JPY
  (1,114,170 JPY/sq.m)
- Age 24.9 years old
- Dist. from Sta. 8.5 min walk
- Property area 44.3 sq.m

The average price of a sq.m Apartment of Tokyo Tokyu Toyoko Line Shibuya, in 2017 was 1,195,334 JPY/sq.m. The market value represents an increase of 42,143 JPY (+3.7%) compared to 1 year ago and a transition to a some market. 21 properties exchanged hands ( The market value represents a decrease of 36 (-63.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.7 years old (a -5.8% decrease compared to the 25.2 years old of last year.). The average size of the real estate was 47.1 sq.m (a +5.4% increase compared to the 44.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.3% of total transactions in 2016 and 9.5% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 26.8% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 10.7% of total transactions in 2016 and 5.0% of total transactions in 2017)
Data regarding the market value and its changes of Apartment in Shibuya were calculated using data on the sales of 733 properties provided by the MLIT Japan.

Shibuya Apartment transaction price list

areaTrading PriceUnit PriceStationDistance from the station
円山町19,000,000 JPY4,187,326 JPY/sq.mShibuya8 min
鶯谷町23,000,000 JPY1,689,623 JPY/sq.mShibuya8 min
円山町18,000,000 JPY3,966,942 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

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 New1,727,708 JPY/sq.m100 %
Residual Value (10 Years)1,395,930 JPY/sq.m81 %
Residual Value (20 Years)1,134,601 JPY/sq.m66 %
Residual Value (20 Years)943,723 JPY/sq.m55 %
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 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

3. 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

4. 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

5. 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

6. 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 date: {{item.trade_date|date:'MMMM, yyyy'}}

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 relatively new buildings under 20 years old, as well as a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.3% of total transactions in 2016 and 9.5% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 26.8% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 10.7% of total transactions in 2016 and 5.0% of total transactions in 2017)
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 (382) [Stations]40,000,0001,046,15318.8 yrs7 min45 sq.m
    Tokyu Toyoko Line (3,050) [Stations]35,000,000930,95218.3 yrs8 min45 sq.m
    Toyoko Line Jiyuugaoka (105) [Stations]54,000,000875,00019.3 yrs9 min60 sq.m
    Toyoko Line Gakugeidaigaku (673) [Stations]35,500,000870,83317.0 yrs10 min45 sq.m
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