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 Oct, 2016 to Dec, 2016 was 547,507 JPY/sq.m. The market value represents a decrease of 173,642 JPY (-24.1%) compared to 1 year ago and a transition to a dramatic market. 47 properties exchanged hands ( The market value represents an increase of 12 (+34.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.9 years old (a +76.8% increase compared to the 13.5 years old of last year.). The average size of the real estate was 180.5 sq.m (a +69.2% increase compared to the 106.7 sq.m of last year.). The average total floor space of the real estate was 317.4 sq.m (a +74.2% increase compared to the 182.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving older buildings over 40 years old, as well as a dramatic increase in transactions involving very large size more than 200 sq.m.

3 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Machiya, Omotesanndou 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 +217.7% compared to last year; a sq.m unit now costs 776,683 JPY/sq.m.

The top 2 stations has seen prices increase +130.0% (+552,256 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -38.3% (-210,090 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 9.9 min in 2015 and 8.3 min in 2016; -16.5%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2015 and 25.5% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.5 years old in 2015 and 23.9 years old in 2016; +76.8%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.7% of total transactions in 2015 and 27.9% of total transactions in 2016)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 22.9% of total transactions in 2015 and 30.2% 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 1,925,213 JPY/sq.m. The market value represents an increase of 572,272 JPY (+42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Ayase, the lowest market value along this railway was 216,777 JPY/sq.m. The market value represents a decrease of 157,681 JPY (-42.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) 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
Ayase216,777 JPY (31.8Y/254.3sq.m)374,458 JPY (8.1Y/71.1sq.m)365,720 JPY (19.6Y/117.5sq.m)
Kitasennju353,281 JPY (30.4Y/129.0sq.m)512,077 JPY (6.4Y/85.6sq.m)387,483 JPY (23.2Y/61.0sq.m)
Machiya508,852 JPY (11.8Y/412.5sq.m)387,500 JPY (30.8Y/185.0sq.m)-
Nishinippori--266,666 JPY (42.8Y/35.0sq.m)
Senndagi500,000 JPY (38.8Y/150.0sq.m)762,500 JPY (18.8Y/67.5sq.m)390,234 JPY (40.4Y/58.3sq.m)
Nedu697,094 JPY (0.8Y/51.7sq.m)-1,063,333 JPY (14.8Y/75.0sq.m)
Yushima-635,294 JPY (44.8Y/45.0sq.m)-
Shinnochanomizu--313,513 JPY (28.8Y/50.0sq.m)
Ootemachi600,000 JPY (44.8Y/105.0sq.m)--
Hibiya909,090 JPY (31.8Y/70.0sq.m)--
Akasaka---
Nogizaka-570,588 JPY (24.8Y/410.0sq.m)-
Omotesanndou1,925,213 JPY (37.8Y/258.8sq.m)1,352,941 JPY (14.8Y/130.0sq.m)785,714 JPY (24.8Y/85.0sq.m)
Kanmonkaikyo Mekari-3,138,644 JPY (29.8Y/168.3sq.m)1,897,435 JPY (42.8Y/65.0sq.m)
Yoyogikouenn875,000 JPY (34.3Y/100.0sq.m)1,129,411 JPY (9.8Y/90.0sq.m)-
Yoyogiuehara776,683 JPY (25.4Y/86.7sq.m)244,444 JPY (34.8Y/110.0sq.m)-
Kitaayase350,488 JPY (14.8Y/121.2sq.m)354,148 JPY (5.3Y/102.5sq.m)340,642 JPY (9.8Y/111.4sq.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

Yoyogiuehara776,683 JPY/sq.m (+218% compared with the previous year)

The average price of a sq.m Home of Yoyogiuehara was 776,683 JPY/sq.m. The market value represents an increase of 532,239 JPY (+217.7%) 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 25.4 years old (a -26.9% decrease compared to the 34.8 years old of last year.). The average size of the real estate was 86.7 sq.m (a -21.2% decrease compared to the 110.0 sq.m of last year.). The average total floor space of the real estate was 125.0 sq.m (a +38.9% increase compared to the 90.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 34.8 years old in 2015 and 25.4 years old in 2016; -26.9%)
  • An decrease in average distance from the station (representing 7.0 min in 2015 and 6.0 min in 2016; -14.3%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Omotesanndou1,925,213 JPY/sq.m (+42% compared with the previous year)

The average price of a sq.m Home of Omotesanndou was 1,925,213 JPY/sq.m. The market value represents an increase of 572,272 JPY (+42.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 3 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 37.8 years old (a +155.9% increase compared to the 14.8 years old of last year.). The average size of the real estate was 258.8 sq.m (a +99.0% increase compared to the 130.0 sq.m of last year.). The average total floor space of the real estate was 318.3 sq.m (a +87.3% increase compared to the 170.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.8 years old in 2015 and 37.8 years old in 2016; +155.9%)
  • An increase in average distance from the station (representing 5.0 min in 2015 and 5.8 min in 2016; +15.0%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 100.0% of total transactions in 2015 and 25.0% of total transactions in 2016)

Ayase216,777 JPY/sq.m (-42% compared with the previous year)

The average price of a sq.m Home of Ayase was 216,777 JPY/sq.m. The market value represents a decrease of 157,681 JPY (-42.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.8 years old (a +292.7% increase compared to the 8.1 years old of last year.). The average size of the real estate was 254.3 sq.m (a +257.6% increase compared to the 71.1 sq.m of last year.). The average total floor space of the real estate was 801.4 sq.m (a +774.3% increase compared to the 91.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.9 min in 2015 and 5.9 min in 2016; -50.7%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 22.2% of total transactions in 2015 and 57.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 8.1 years old in 2015 and 31.8 years old in 2016; +292.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 11.1% of total transactions in 2015 and 71.4% of total transactions in 2016)

Senndagi500,000 JPY/sq.m (-34% compared with the previous year)

The average price of a sq.m Home of Senndagi was 500,000 JPY/sq.m. The market value represents a decrease of 262,500 JPY (-34.4%) 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 38.8 years old (a +106.7% increase compared to the 18.8 years old of last year.). The average size of the real estate was 150.0 sq.m (a +122.2% increase compared to the 67.5 sq.m of last year.). The average total floor space of the real estate was 220.0 sq.m (a +175.0% increase compared to the 80.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.5 min in 2015 and 4.0 min in 2016; -27.3%)
  • 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 2015 and 100.0% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.8 years old in 2015 and 38.8 years old in 2016; +106.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2015 and 100.0% of total transactions in 2016)

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)