Tokyo Metro Chiyoda Line Tokyo 2015-1Q
Home market report

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 Jan, 2015 to Mar, 2015 was 608,073 JPY/sq.m. The market value represents an increase of 49,182 JPY (+8.8%) compared to 1 year ago and a transition to a strong market. 28 properties exchanged hands ( The market value represents a decrease of 8 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.5 years old (a +3.5% increase compared to the 16.9 years old of last year.). The average size of the real estate was 115.7 sq.m (a -25.7% decrease compared to the 155.8 sq.m of last year.). The average total floor space of the real estate was 216.1 sq.m (a -24.1% decrease compared to the 284.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station, as well as a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Nogizaka, Kanmonkaikyo Mekari station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Yushima station, where prices have increased +202.2% compared to last year; a sq.m unit now costs 717,099 JPY/sq.m.

The top 2 stations has seen prices increase +127.1% (+419,122 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -28.1% (-149,930 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.5 min in 2014 and 7.5 min in 2015; -21.1%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 2.8% of total transactions in 2014 and 21.4% of total transactions in 2015)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 44.1% of total transactions in 2014 and 37.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 35.3% of total transactions in 2014 and 25.9% of total transactions in 2015)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.9% of total transactions in 2014 and 7.4% of total transactions in 2015)

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 Kanmonkaikyo Mekari, the highest market value along this railway was 2,357,142 JPY/sq.m. The market value represents an increase of 589,702 JPY (+33.4%) 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 price of a sq.m Home of Kitasennju, the lowest market value along this railway was 266,750 JPY/sq.m. The market value represents a decrease of 23,060 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 2 properties exchanged hands ( The market value represents a decrease of 4 (-66.7%) 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(2015)1 year ago2 years ago
Ayase289,474 JPY (17.5Y/52.5sq.m)427,491 JPY (8.8Y/304.0sq.m)421,801 JPY (2.9Y/84.3sq.m)
Kitasennju266,750 JPY (20.0Y/65.0sq.m)289,810 JPY (28.7Y/70.8sq.m)369,294 JPY (19.0Y/137.0sq.m)
Machiya338,254 JPY (12.0Y/160.0sq.m)332,705 JPY (20.0Y/158.3sq.m)415,113 JPY (7.4Y/115.0sq.m)
Nishinippori--375,000 JPY (10.5Y/67.5sq.m)
Senndagi516,752 JPY (25.5Y/87.5sq.m)678,595 JPY (9.0Y/73.6sq.m)1,135,416 JPY (22.0Y/280.0sq.m)
Nedu749,783 JPY (17.3Y/151.7sq.m)-536,666 JPY (20.5Y/42.5sq.m)
Yushima717,099 JPY (17.5Y/157.5sq.m)237,288 JPY (29.0Y/195.0sq.m)293,231 JPY (34.3Y/210.0sq.m)
Shinnochanomizu229,166 JPY (45.0Y/60.0sq.m)-777,777 JPY (19.0Y/290.0sq.m)
Ootemachi---
Hibiya---
Akasaka--840,336 JPY (34.5Y/157.5sq.m)
Nogizaka1,047,619 JPY (12.0Y/90.0sq.m)689,185 JPY (20.5Y/302.5sq.m)800,000 JPY (43.0Y/90.0sq.m)
Omotesanndou684,782 JPY (34.5Y/142.5sq.m)882,352 JPY (23.0Y/155.0sq.m)-
Kanmonkaikyo Mekari2,357,142 JPY (13.5Y/207.5sq.m)1,767,441 JPY (1.0Y/150.0sq.m)1,349,367 JPY (11.5Y/255.0sq.m)
Yoyogikouenn-1,545,454 JPY (14.0Y/200.0sq.m)771,870 JPY (13.5Y/202.5sq.m)
Yoyogiuehara-902,778 JPY (20.1Y/112.5sq.m)670,448 JPY (21.3Y/72.5sq.m)
Kitaayase316,155 JPY (10.0Y/97.1sq.m)273,851 JPY (12.8Y/108.0sq.m)351,234 JPY (4.1Y/83.1sq.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

Yushima717,099 JPY/sq.m (+202% compared with the previous year)

The average price of a sq.m Home of Yushima was 717,099 JPY/sq.m. The market value represents an increase of 479,811 JPY (+202.2%) 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 17.5 years old (a -39.7% decrease compared to the 29.0 years old of last year.). The average size of the real estate was 157.5 sq.m (a -19.2% decrease compared to the 195.0 sq.m of last year.). The average total floor space of the real estate was 865.0 sq.m (a +46.6% increase compared to the 590.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 29.0 years old in 2014 and 17.5 years old in 2015; -39.7%)
  • A dramatic decrease in average distance from the station (representing 7.0 min in 2014 and 1.5 min in 2015; -78.6%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Nogizaka1,047,619 JPY/sq.m (+52% compared with the previous year)

The average price of a sq.m Home of Nogizaka was 1,047,619 JPY/sq.m. The market value represents an increase of 358,434 JPY (+52.0%) 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 12.0 years old (a -41.5% decrease compared to the 20.5 years old of last year.). The average size of the real estate was 90.0 sq.m (a -70.2% decrease compared to the 302.5 sq.m of last year.). The average total floor space of the real estate was 105.0 sq.m (a -86.5% decrease compared to the 777.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 20.5 years old in 2014 and 12.0 years old in 2015; -41.5%)

Ayase289,474 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Home of Ayase was 289,474 JPY/sq.m. The market value represents a decrease of 138,018 JPY (-32.3%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.5 years old (a +98.9% increase compared to the 8.8 years old of last year.). The average size of the real estate was 52.5 sq.m (a -82.7% decrease compared to the 304.0 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a -83.9% decrease compared to the 497.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.8 years old in 2014 and 17.5 years old in 2015; +98.9%)
  • A dramatic increase in average distance from the station (representing 7.4 min in 2014 and 11.5 min in 2015; +55.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Senndagi516,752 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Home of Senndagi was 516,752 JPY/sq.m. The market value represents a decrease of 161,844 JPY (-23.8%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 5 (-71.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.5 years old (a +183.3% increase compared to the 9.0 years old of last year.). The average size of the real estate was 87.5 sq.m (a +18.9% increase compared to the 73.6 sq.m of last year.). The average total floor space of the real estate was 142.5 sq.m (a +67.6% increase compared to the 85.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.4 min in 2014 and 4.5 min in 2015; -30.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 28.6% of total transactions in 2014 and 100.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.0 years old in 2014 and 25.5 years old in 2015; +183.3%)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 60.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

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)