Tokyo Metro Chiyoda Line railway market report

Tokyo Metro Chiyoda Line Home market overview

The average price of a sq.m Home of Tokyo Metro Chiyoda Line (Ayase to Kitaayase), in Jul, 2014 to Sep, 2014 was 613,541 JPY/sq.m. The market value represents an increase of 60,660 JPY (+11.0%) compared to 1 year ago and a transition to a bull market. 36 properties exchanged hands ( The market value represents a decrease of 11 (-23.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.1 years old (a -18.6% decrease compared to the 17.3 years old of last year.). The average size of the real estate was 139.3 sq.m (a -9.6% decrease compared to the 154.0 sq.m of last year.). The average total floor space of the real estate was 255.3 sq.m (a -10.1% decrease compared to the 283.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 sq.m, as well as a dramatic increase in transactions involving new buildings under 10 years old.

6 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kitasennju, Machiya, Senndagi, Kitaayase station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yoyogiuehara station, where prices have increased +126.1% compared to last year; a sq.m unit now costs 2,154,545 JPY/sq.m.

The top 2 stations has seen prices increase +99.9% (+746,895 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -30.9% (-188,913 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 17.3 years old in 2013 and 14.1 years old in 2014; -18.6%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 21.3% of total transactions in 2013 and 27.8% of total transactions in 2014)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 34.0% of total transactions in 2013 and 39.4% of total transactions in 2014)

Breakdown of each segment

The table below shows Home dealt in Tokyo Metro Chiyoda Line, 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:

※各年ごとの取引件数の割合が高いセグメントほど赤く表示

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Home stations market overview

The average price of a sq.m Home of Yoyogiuehara, the highest market value along this railway was 2,154,545 JPY/sq.m. The market value represents an increase of 1,201,689 JPY (+126.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Kitaayase, the lowest market value along this railway was 291,751 JPY/sq.m. The market value represents an increase of 61,751 JPY (+26.8%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

Tokyo Metro Chiyoda Line (Stations Home market overview)
Tokyo Metro Chiyoda LineThis year(2014)1 year ago2 years ago
Ayase324,405 JPY (27.9Y/196.7sq.m)415,138 JPY (11.0Y/106.5sq.m)398,274 JPY (10.0Y/198.3sq.m)
Kitasennju542,778 JPY (1.5Y/46.7sq.m)378,764 JPY (11.2Y/67.5sq.m)341,275 JPY (16.2Y/76.4sq.m)
Machiya560,826 JPY (10.0Y/126.9sq.m)332,553 JPY (24.2Y/175.0sq.m)437,352 JPY (16.5Y/162.5sq.m)
Nishinippori450,606 JPY (13.8Y/53.3sq.m)586,160 JPY (15.5Y/53.3sq.m)546,666 JPY (0.5Y/45.0sq.m)
Senndagi688,888 JPY (0.5Y/60.0sq.m)396,787 JPY (19.8Y/148.8sq.m)378,306 JPY (25.0Y/130.0sq.m)
Nedu382,727 JPY (14.5Y/67.5sq.m)625,000 JPY (22.5Y/60.0sq.m)-
Yushima366,844 JPY (32.5Y/147.5sq.m)-380,595 JPY (23.9Y/171.7sq.m)
Shinnochanomizu---
Ootemachi---
Hibiya--789,473 JPY (46.5Y/165.0sq.m)
Akasaka-543,478 JPY (37.5Y/110.0sq.m)-
Nogizaka---
Omotesanndou1,794,642 JPY (29.0Y/265.0sq.m)1,523,123 JPY (29.5Y/96.7sq.m)1,450,000 JPY (-0.5Y/70.0sq.m)
Kanmonkaikyo Mekari-1,062,500 JPY (14.5Y/937.5sq.m)235,294 JPY (23.7Y/100.0sq.m)
Yoyogikouenn--606,060 JPY (11.5Y/90.0sq.m)
Yoyogiuehara2,154,545 JPY (0.5Y/326.7sq.m)952,856 JPY (14.5Y/132.0sq.m)907,917 JPY (13.2Y/141.7sq.m)
Kitaayase291,751 JPY (12.8Y/105.6sq.m)230,000 JPY (24.0Y/75.0sq.m)334,137 JPY (4.8Y/88.1sq.m)

*Average unit prices per sq.m of Home at each train station were calculated using the Utinokati database of actual market sales prices (based on surveys conducted by the Ministry of Land, Infrastructure, Transport, and Tourism of Japan). Units: JPY (Japanese Yen); parenthesis contain average age in years of building / equivalent measurement of area of real estate.

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Noteworthy stations

Yoyogiuehara2,154,545 JPY/sq.m (+126% compared with the previous year)

The average price of a sq.m Home of Yoyogiuehara was 2,154,545 JPY/sq.m. The market value represents an increase of 1,201,689 JPY (+126.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.5 years old (a -96.5% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 326.7 sq.m (a +147.5% increase compared to the 132.0 sq.m of last year.). The average total floor space of the real estate was 145.0 sq.m (a +23.9% increase compared to the 117.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 14.5 years old in 2013 and 0.5 years old in 2014; -96.5%)
  • A dramatic decrease in average distance from the station (representing 7.6 min in 2013 and 6.0 min in 2014; -21.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 20.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Senndagi688,888 JPY/sq.m (+74% compared with the previous year)

The average price of a sq.m Home of Senndagi was 688,888 JPY/sq.m. The market value represents an increase of 292,101 JPY (+73.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.5 years old (a -97.4% decrease compared to the 19.8 years old of last year.). The average size of the real estate was 60.0 sq.m (a -59.7% decrease compared to the 148.8 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -63.5% decrease compared to the 246.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 19.8 years old in 2013 and 0.5 years old in 2014; -97.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 50.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Nedu382,727 JPY/sq.m (-39% compared with the previous year)

The average price of a sq.m Home of Nedu was 382,727 JPY/sq.m. The market value represents a decrease of 242,273 JPY (-38.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.5 years old (a -35.6% decrease compared to the 22.5 years old of last year.). The average size of the real estate was 67.5 sq.m (a +12.5% increase compared to the 60.0 sq.m of last year.). The average total floor space of the real estate was 300.0 sq.m (a +275.0% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 22.5 years old in 2013 and 14.5 years old in 2014; -35.6%)
  • A dramatic decrease in average distance from the station (representing 6.0 min in 2013 and 2.5 min in 2014; -58.3%)

Nishinippori450,606 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Home of Nishinippori was 450,606 JPY/sq.m. The market value represents a decrease of 135,554 JPY (-23.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 13.8 years old (a -10.8% decrease compared to the 15.5 years old of last year.). The average size of the real estate was 53.3 sq.m (a +0.0% decrease compared to the 53.3 sq.m of last year.). The average total floor space of the real estate was 280.0 sq.m (a +242.9% increase compared to the 81.7 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 15.5 years old in 2013 and 13.8 years old in 2014; -10.8%)
  • A dramatic decrease in average distance from the station (representing 8.0 min in 2013 and 6.0 min in 2014; -25.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 33.3% of total transactions in 2013 and 66.7% of total transactions in 2014)

Causes of price decreases

  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2013 and 66.7% of total transactions in 2014)

Breakdown of each segment

Station:   Segment:

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Utinokati, Outi Research

*If you wish to use or reproduce this data, please enter the URL (https://utinokati.com/en/) where the data will be posted. (As a general rule, prior consent is not required.) Our data is based on Ministry of Land, Infrastructure, Transport, and Tourism of Japan (actual market sales prices)