The average price of a sq.m Land of Tokyo Suginami-Ku, in 2017 was 550,503 JPY/sq.m. The market value represents a decrease of 15,597 JPY (-2.8%) compared to 1 year ago and a transition to a slight market. 52 properties exchanged hands ( The market value represents a decrease of 145 (-73.6%) compared to 1 year ago and a transition to a dramatic market.).
The average size of the real estate was 149.5 sq.m (a -13.9% decrease compared to the 173.8 sq.m of last year.).
One distinguishing feature of recent real-estate transactions was 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 16.8% of total transactions in 2016 and 21.2% of total transactions in 2017)
The highest Land market value is 高円寺南 at 637,500 JPY/sq.m. On the other hand, those with the lowest market value is 上高井戸 at 372,727 JPY/sq.m.
Data regarding the market value and its changes of Land in Suginami-Ku were calculated using data on the sales of 3,181 properties provided by the MLIT Japan.