Tokyo Metro Chiyoda Line Tokyo 2016-1Q
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, 2016 to Mar, 2016 was 421,126 JPY/sq.m. The market value represents a decrease of 186,947 JPY (-30.7%) compared to 1 year ago and a transition to a dramatic market. 41 properties exchanged hands ( The market value represents an increase of 13 (+46.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.0 years old (a +2.7% increase compared to the 17.5 years old of last year.). The average size of the real estate was 141.0 sq.m (a +21.8% increase compared to the 115.7 sq.m of last year.). The average total floor space of the real estate was 182.9 sq.m (a -15.4% decrease compared to the 216.1 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, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

6 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Ayase, Kitasennju, Senndagi, Omotesanndou station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Omotesanndou station, where prices have increased +86.2% compared to last year; a sq.m unit now costs 1,275,174 JPY/sq.m.

The top 2 stations has seen prices increase +65.6% (+360,276 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -28.0% (-218,090 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 25.9% of total transactions in 2015 and 39.0% of total transactions in 2016)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 37.0% of total transactions in 2015 and 29.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.5 min in 2015 and 10.9 min in 2016; +45.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 7.4% of total transactions in 2015 and 17.1% of total transactions in 2016)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 7.4% of total transactions in 2015 and 2.4% of total transactions in 2016)

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 Omotesanndou, the highest market value along this railway was 1,275,174 JPY/sq.m. The market value represents an increase of 590,391 JPY (+86.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Nedu, the lowest market value along this railway was 300,000 JPY/sq.m. The market value represents a decrease of 449,783 JPY (-60.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-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(2016)1 year ago2 years ago
Ayase419,635 JPY (10.2Y/287.8sq.m)289,474 JPY (17.5Y/52.5sq.m)427,491 JPY (8.8Y/304.0sq.m)
Kitasennju322,439 JPY (23.4Y/78.8sq.m)266,750 JPY (20.0Y/65.0sq.m)289,810 JPY (28.7Y/70.8sq.m)
Machiya351,856 JPY (19.9Y/63.9sq.m)338,254 JPY (12.0Y/160.0sq.m)332,705 JPY (20.0Y/158.3sq.m)
Nishinippori369,230 JPY (48.0Y/140.0sq.m)--
Senndagi695,652 JPY (15.0Y/140.0sq.m)516,752 JPY (25.5Y/87.5sq.m)678,595 JPY (9.0Y/73.6sq.m)
Nedu300,000 JPY (61.0Y/50.0sq.m)749,783 JPY (17.3Y/151.7sq.m)-
Yushima-717,099 JPY (17.5Y/157.5sq.m)237,288 JPY (29.0Y/195.0sq.m)
Shinnochanomizu-229,166 JPY (45.0Y/60.0sq.m)-
Ootemachi---
Hibiya---
Akasaka---
Nogizaka-1,047,619 JPY (12.0Y/90.0sq.m)689,185 JPY (20.5Y/302.5sq.m)
Omotesanndou1,275,174 JPY (17.5Y/287.5sq.m)684,782 JPY (34.5Y/142.5sq.m)882,352 JPY (23.0Y/155.0sq.m)
Kanmonkaikyo Mekari-2,357,142 JPY (13.5Y/207.5sq.m)1,767,441 JPY (1.0Y/150.0sq.m)
Yoyogikouenn--1,545,454 JPY (14.0Y/200.0sq.m)
Yoyogiuehara812,500 JPY (30.0Y/350.0sq.m)-902,778 JPY (20.1Y/112.5sq.m)
Kitaayase334,892 JPY (9.9Y/81.1sq.m)316,155 JPY (10.0Y/97.1sq.m)273,851 JPY (12.8Y/108.0sq.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

Omotesanndou1,275,174 JPY/sq.m (+86% compared with the previous year)

The average price of a sq.m Home of Omotesanndou was 1,275,174 JPY/sq.m. The market value represents an increase of 590,391 JPY (+86.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 17.5 years old (a -49.3% decrease compared to the 34.5 years old of last year.). The average size of the real estate was 287.5 sq.m (a +101.8% increase compared to the 142.5 sq.m of last year.). The average total floor space of the real estate was 455.0 sq.m (a +21.3% increase compared to the 375.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 34.5 years old in 2015 and 17.5 years old in 2016; -49.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 50.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.5 min in 2015 and 9.0 min in 2016; +100.0%)

Ayase419,635 JPY/sq.m (+45% compared with the previous year)

The average price of a sq.m Home of Ayase was 419,635 JPY/sq.m. The market value represents an increase of 130,162 JPY (+45.0%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 7 (+350.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 10.2 years old (a -41.6% decrease compared to the 17.5 years old of last year.). The average size of the real estate was 287.8 sq.m (a +448.1% increase compared to the 52.5 sq.m of last year.). The average total floor space of the real estate was 361.7 sq.m (a +352.1% 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 17.5 years old in 2015 and 10.2 years old in 2016; -41.6%)
  • An decrease in average distance from the station (representing 11.5 min in 2015 and 9.4 min in 2016; -18.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 11.1% of total transactions in 2016)

Nedu300,000 JPY/sq.m (-60% compared with the previous year)

The average price of a sq.m Home of Nedu was 300,000 JPY/sq.m. The market value represents a decrease of 449,783 JPY (-60.0%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 61.0 years old (a +252.0% increase compared to the 17.3 years old of last year.). The average size of the real estate was 50.0 sq.m (a -67.0% decrease compared to the 151.7 sq.m of last year.). The average total floor space of the real estate was 30.0 sq.m (a -80.6% decrease compared to the 155.0 sq.m of last year.).

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 33.3% of total transactions in 2015 and 100.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.3 years old in 2015 and 61.0 years old in 2016; +252.0%)
  • A dramatic increase in average distance from the station (representing 2.3 min in 2015 and 5.0 min in 2016; +114.3%)

Machiya351,856 JPY/sq.m (+4% compared with the previous year)

The average price of a sq.m Home of Machiya was 351,856 JPY/sq.m. The market value represents an increase of 13,602 JPY (+4.0%) compared to 1 year ago and a transition to a some market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 19.9 years old (a +65.8% increase compared to the 12.0 years old of last year.). The average size of the real estate was 63.9 sq.m (a -60.1% decrease compared to the 160.0 sq.m of last year.). The average total floor space of the real estate was 106.1 sq.m (a -49.1% decrease compared to the 208.3 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2015 and 44.4% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.0 years old in 2015 and 19.9 years old in 2016; +65.8%)

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)