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 Apr, 2016 to Jun, 2016 was 703,208 JPY/sq.m. The market value represents an increase of 125,976 JPY (+21.8%) compared to 1 year ago and a transition to a dramatic market. 52 properties exchanged hands ( The market value represents an increase of 28 (+116.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.0 years old (a +52.1% increase compared to the 16.5 years old of last year.). The average size of the real estate was 181.4 sq.m (a +71.1% increase compared to the 106.0 sq.m of last year.). The average total floor space of the real estate was 351.1 sq.m (a +156.1% increase compared to the 137.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m, as well as a dramatic increase in transactions involving locations less than ten minutes by foot from the station.

6 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kitasennju, Machiya, Nishinippori, Nedu, Kitaayase station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Machiya station, where prices have increased +62.6% compared to last year; a sq.m unit now costs 505,254 JPY/sq.m.

The top 2 stations has seen prices increase +60.1% (+184,401 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -37.3% (-965,296 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 10.7 min in 2015 and 8.3 min in 2016; -22.3%)
  • An increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.8% of total transactions in 2015 and 23.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.5 years old in 2015 and 25.0 years old in 2016; +52.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 12.5% of total transactions in 2015 and 26.5% of total transactions in 2016)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2015 and 32.7% 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 Kanmonkaikyo Mekari, the highest market value along this railway was 1,862,963 JPY/sq.m. The market value represents a decrease of 1,637,037 JPY (-46.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) 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 383,893 JPY/sq.m. The market value represents an increase of 107,970 JPY (+39.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

Tokyo Metro Chiyoda Line (Stations Home market overview)
Tokyo Metro Chiyoda LineThis year(2016)1 year ago2 years ago
Ayase430,119 JPY (10.7Y/134.4sq.m)-343,161 JPY (23.8Y/121.2sq.m)
Kitasennju383,893 JPY (27.9Y/252.1sq.m)275,923 JPY (27.6Y/131.7sq.m)372,553 JPY (21.5Y/88.1sq.m)
Machiya505,254 JPY (26.1Y/162.5sq.m)310,757 JPY (29.3Y/55.0sq.m)302,857 JPY (21.8Y/62.5sq.m)
Nishinippori731,852 JPY (26.3Y/78.3sq.m)590,476 JPY (0.3Y/70.0sq.m)-
Senndagi746,730 JPY (28.3Y/138.3sq.m)846,153 JPY (0.3Y/55.0sq.m)1,027,160 JPY (14.3Y/193.3sq.m)
Nedu676,154 JPY (32.3Y/176.7sq.m)480,000 JPY (9.3Y/90.0sq.m)-
Yushima363,636 JPY (37.3Y/195.0sq.m)--
Shinnochanomizu---
Ootemachi---
Hibiya---
Akasaka555,555 JPY (44.3Y/360.0sq.m)-779,661 JPY (40.3Y/95.0sq.m)
Nogizaka--573,966 JPY (20.0Y/270.0sq.m)
Omotesanndou762,878 JPY (30.6Y/253.3sq.m)1,056,434 JPY (16.3Y/120.0sq.m)709,090 JPY (24.3Y/65.0sq.m)
Kanmonkaikyo Mekari1,862,963 JPY (25.9Y/121.7sq.m)3,500,000 JPY (14.3Y/195.0sq.m)-
Yoyogikouenn2,179,842 JPY (39.8Y/117.5sq.m)--
Yoyogiuehara845,000 JPY (22.3Y/156.7sq.m)808,148 JPY (10.8Y/102.5sq.m)-
Kitaayase477,160 JPY (26.3Y/317.5sq.m)302,855 JPY (9.1Y/105.0sq.m)276,976 JPY (19.7Y/125.0sq.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

Machiya505,254 JPY/sq.m (+63% compared with the previous year)

The average price of a sq.m Home of Machiya was 505,254 JPY/sq.m. The market value represents an increase of 194,496 JPY (+62.6%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents an increase of 7 (+233.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.1 years old (a -10.9% decrease compared to the 29.3 years old of last year.). The average size of the real estate was 162.5 sq.m (a +195.5% increase compared to the 55.0 sq.m of last year.). The average total floor space of the real estate was 161.5 sq.m (a +148.5% increase compared to the 65.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 29.3 years old in 2015 and 26.1 years old in 2016; -10.9%)
  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 30.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 33.3% of total transactions in 2015 and 10.0% of total transactions in 2016)

Kitaayase477,160 JPY/sq.m (+58% compared with the previous year)

The average price of a sq.m Home of Kitaayase was 477,160 JPY/sq.m. The market value represents an increase of 174,305 JPY (+57.6%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.3 years old (a +188.2% increase compared to the 9.1 years old of last year.). The average size of the real estate was 317.5 sq.m (a +202.4% increase compared to the 105.0 sq.m of last year.). The average total floor space of the real estate was 576.2 sq.m (a +410.6% increase compared to the 112.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 17.9 min in 2015 and 8.5 min in 2016; -52.4%)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2015 and 25.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.1 years old in 2015 and 26.3 years old in 2016; +188.2%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 71.4% of total transactions in 2015 and 25.0% of total transactions in 2016)

Kanmonkaikyo Mekari1,862,963 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Home of Kanmonkaikyo Mekari was 1,862,963 JPY/sq.m. The market value represents a decrease of 1,637,037 JPY (-46.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.9 years old (a +81.9% increase compared to the 14.3 years old of last year.). The average size of the real estate was 121.7 sq.m (a -37.6% decrease compared to the 195.0 sq.m of last year.). The average total floor space of the real estate was 181.7 sq.m (a -35.1% decrease compared to the 280.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.3 years old in 2015 and 25.9 years old in 2016; +81.9%)
  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 7.3 min in 2016; +83.3%)

Omotesanndou762,878 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Home of Omotesanndou was 762,878 JPY/sq.m. The market value represents a decrease of 293,555 JPY (-27.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.6 years old (a +88.2% increase compared to the 16.3 years old of last year.). The average size of the real estate was 253.3 sq.m (a +111.1% increase compared to the 120.0 sq.m of last year.). The average total floor space of the real estate was 636.7 sq.m (a +214.4% increase compared to the 202.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.3 years old in 2015 and 30.6 years old in 2016; +88.2%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2015 and 10.0 min in 2016; +42.9%)

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)