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, 2016 to Sep, 2016 was 706,149 JPY/sq.m. The market value represents an increase of 236,571 JPY (+50.4%) compared to 1 year ago and a transition to a dramatic market. 15 properties exchanged hands ( The market value represents a decrease of 17 (-53.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 27.4 years old (a +100.3% increase compared to the 13.7 years old of last year.). The average size of the real estate was 208.0 sq.m (a +113.3% increase compared to the 97.5 sq.m of last year.). The average total floor space of the real estate was 215.0 sq.m (a +47.3% increase compared to the 145.9 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 middle total floor space for a DINKS or an old age households less than 60 sq.m.

3 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Ayase station has seen a price increase of over 10% compared to last year. The most dramatic price increase was at Nishinippori station, where prices have increased +260.6% compared to last year; a sq.m unit now costs 636,363 JPY/sq.m.

The top 2 stations has seen prices increase +135.9% (+250,696 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -67.8% (-401,364 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.3 min in 2015 and 8.8 min in 2016; -22.4%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.1% of total transactions in 2015 and 20.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.7 years old in 2015 and 27.4 years old in 2016; +100.3%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 9.7% of total transactions in 2015 and 30.8% of total transactions in 2016)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 22.6% of total transactions in 2015 and 30.8% 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 Nishinippori, the highest market value along this railway was 636,363 JPY/sq.m. The market value represents an increase of 459,893 JPY (+260.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Machiya, the lowest market value along this railway was 177,777 JPY/sq.m. The market value represents a decrease of 343,398 JPY (-65.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) 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
Ayase411,764 JPY (9.5Y/95.0sq.m)370,264 JPY (11.5Y/61.0sq.m)324,405 JPY (27.9Y/196.7sq.m)
Kitasennju364,056 JPY (32.5Y/103.8sq.m)425,704 JPY (12.2Y/80.8sq.m)542,778 JPY (1.5Y/46.7sq.m)
Machiya177,777 JPY (46.5Y/40.0sq.m)521,175 JPY (4.4Y/95.7sq.m)560,826 JPY (10.0Y/126.9sq.m)
Nishinippori636,363 JPY (0.0Y/35.0sq.m)176,470 JPY (25.5Y/230.0sq.m)450,606 JPY (13.8Y/53.3sq.m)
Senndagi200,000 JPY (60.5Y/105.0sq.m)659,330 JPY (37.0Y/115.0sq.m)688,888 JPY (0.5Y/60.0sq.m)
Nedu1,206,896 JPY (14.5Y/930.0sq.m)-382,727 JPY (14.5Y/67.5sq.m)
Yushima--366,844 JPY (32.5Y/147.5sq.m)
Shinnochanomizu---
Ootemachi---
Hibiya---
Akasaka-1,451,612 JPY (27.5Y/85.0sq.m)-
Nogizaka---
Omotesanndou2,533,333 JPY (31.6Y/185.0sq.m)-1,794,642 JPY (29.0Y/265.0sq.m)
Kanmonkaikyo Mekari---
Yoyogikouenn---
Yoyogiuehara529,729 JPY (25.5Y/130.0sq.m)846,316 JPY (19.5Y/165.0sq.m)2,154,545 JPY (0.5Y/326.7sq.m)
Kitaayase302,273 JPY (12.8Y/333.3sq.m)291,668 JPY (13.8Y/98.1sq.m)291,751 JPY (12.8Y/105.6sq.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

Nishinippori636,363 JPY/sq.m (+261% compared with the previous year)

The average price of a sq.m Home of Nishinippori was 636,363 JPY/sq.m. The market value represents an increase of 459,893 JPY (+260.6%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 35.0 sq.m (a -84.8% decrease compared to the 230.0 sq.m of last year.). The average total floor space of the real estate was 55.0 sq.m (a -91.9% decrease compared to the 680.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.0 min in 2015 and 6.0 min in 2016; +50.0%)

Ayase411,764 JPY/sq.m (+11% compared with the previous year)

The average price of a sq.m Home of Ayase was 411,764 JPY/sq.m. The market value represents an increase of 41,500 JPY (+11.2%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 9.5 years old (a -17.4% decrease compared to the 11.5 years old of last year.). The average size of the real estate was 95.0 sq.m (a +55.7% increase compared to the 61.0 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -2.3% decrease compared to the 87.0 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 11.5 years old in 2015 and 9.5 years old in 2016; -17.4%)
  • A dramatic decrease in average distance from the station (representing 10.6 min in 2015 and 7.0 min in 2016; -34.0%)

Senndagi200,000 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Home of Senndagi was 200,000 JPY/sq.m. The market value represents a decrease of 459,330 JPY (-69.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 60.5 years old (a +63.5% increase compared to the 37.0 years old of last year.). The average size of the real estate was 105.0 sq.m (a -8.7% decrease compared to the 115.0 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a -20.7% decrease compared to the 145.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 37.0 years old in 2015 and 60.5 years old in 2016; +63.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

Machiya177,777 JPY/sq.m (-66% compared with the previous year)

The average price of a sq.m Home of Machiya was 177,777 JPY/sq.m. The market value represents a decrease of 343,398 JPY (-65.9%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 6 (-85.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 46.5 years old (a +966.5% increase compared to the 4.4 years old of last year.). The average size of the real estate was 40.0 sq.m (a -58.2% decrease compared to the 95.7 sq.m of last year.). The average total floor space of the real estate was 45.0 sq.m (a -71.6% decrease compared to the 158.6 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.4 years old in 2015 and 46.5 years old in 2016; +966.5%)
  • A dramatic increase in average distance from the station (representing 8.9 min in 2015 and 14.0 min in 2016; +58.1%)

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)