The average price of a sq.m Land of Tokyo Setagaya-Ku, in 2017 was 660,937 JPY/sq.m. The market value represents an increase of 34,968 JPY (+5.6%) compared to 1 year ago and a transition to a strong market. 132 properties exchanged hands ( The market value represents a decrease of 211 (-61.5%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 152.8 sq.m (a -0.7% decrease compared to the 153.9 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.
Cause of price increases
- A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.9% of total transactions in 2016 and 6.1% of total transactions in 2017)
The highest Land market value is 下馬 at 846,153 JPY/sq.m. On the other hand, those with the lowest market value is 宇奈根 at 257,142 JPY/sq.m.
Data regarding the market value and its changes of Land in Setagaya-Ku were calculated using data on the sales of 5,392 properties provided by the MLIT Japan.