Tokyo Metro Chiyoda Line Tokyo 2017-3Q
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 Jul, 2017 to Sep, 2017 was 729,723 JPY/sq.m. The market value represents an increase of 23,574 JPY (+3.3%) compared to 1 year ago and a transition to a some market. 30 properties exchanged hands ( The market value represents an increase of 15 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.2 years old (a -26.2% decrease compared to the 27.4 years old of last year.). The average size of the real estate was 122.3 sq.m (a -41.2% decrease compared to the 208.0 sq.m of last year.). The average total floor space of the real estate was 182.8 sq.m (a -15.0% decrease compared to the 215.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m, as well as a dramatic increase in transactions involving relatively new buildings under 20 years old.

6 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Kitasennju station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Senndagi station, where prices have increased +243.4% compared to last year; a sq.m unit now costs 686,813 JPY/sq.m.

The top 2 stations has seen prices increase +195.9% (+636,436 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -25.3% (-202,971 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.4 years old in 2016 and 20.2 years old in 2017; -26.2%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 15.4% of total transactions in 2016 and 28.6% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 30.8% of total transactions in 2016 and 10.7% of total transactions in 2017)

Causes of price decreases

  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 20.0% of total transactions in 2016 and 6.9% of total transactions in 2017)
  • A some increase in transactions involving relatively old buildings under 40 years old (representing 30.8% of total transactions in 2016 and 32.1% of total transactions in 2017)

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 1,980,158 JPY/sq.m. The market value represents a decrease of 553,175 JPY (-21.8%) 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 Ayase, the lowest market value along this railway was 306,052 JPY/sq.m. The market value represents a decrease of 105,712 JPY (-25.7%) 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.).

Tokyo Metro Chiyoda Line (Stations Home market overview)
Tokyo Metro Chiyoda LineThis year(2017)1 year ago2 years ago
Ayase306,052 JPY (29.5Y/67.5sq.m)411,764 JPY (9.5Y/95.0sq.m)370,264 JPY (11.5Y/61.0sq.m)
Kitasennju483,571 JPY (28.5Y/72.5sq.m)364,056 JPY (32.5Y/103.8sq.m)425,704 JPY (12.2Y/80.8sq.m)
Machiya366,031 JPY (17.2Y/110.0sq.m)177,777 JPY (46.5Y/40.0sq.m)521,175 JPY (4.4Y/95.7sq.m)
Nishinippori661,300 JPY (13.5Y/115.0sq.m)636,363 JPY (0.0Y/35.0sq.m)176,470 JPY (25.5Y/230.0sq.m)
Senndagi686,813 JPY (22.6Y/190.0sq.m)200,000 JPY (60.5Y/105.0sq.m)659,330 JPY (37.0Y/115.0sq.m)
Nedu906,666 JPY (0.5Y/45.0sq.m)1,206,896 JPY (14.5Y/930.0sq.m)-
Yushima906,250 JPY (14.5Y/95.0sq.m)--
Shinnochanomizu---
Ootemachi---
Hibiya1,166,666 JPY (44.5Y/50.0sq.m)--
Akasaka--1,451,612 JPY (27.5Y/85.0sq.m)
Nogizaka1,056,971 JPY (20.5Y/151.2sq.m)--
Omotesanndou1,980,158 JPY (42.0Y/210.0sq.m)2,533,333 JPY (31.6Y/185.0sq.m)-
Kanmonkaikyo Mekari---
Yoyogikouenn923,076 JPY (30.5Y/125.0sq.m)--
Yoyogiuehara1,315,789 JPY (30.5Y/230.0sq.m)529,729 JPY (25.5Y/130.0sq.m)846,316 JPY (19.5Y/165.0sq.m)
Kitaayase340,250 JPY (8.5Y/98.6sq.m)302,273 JPY (12.8Y/333.3sq.m)291,668 JPY (13.8Y/98.1sq.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

Senndagi686,813 JPY/sq.m (+243% compared with the previous year)

The average price of a sq.m Home of Senndagi was 686,813 JPY/sq.m. The market value represents an increase of 486,813 JPY (+243.4%) 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 22.6 years old (a -62.7% decrease compared to the 60.5 years old of last year.). The average size of the real estate was 190.0 sq.m (a +81.0% increase compared to the 105.0 sq.m of last year.). The average total floor space of the real estate was 330.0 sq.m (a +187.0% increase compared to the 115.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 60.5 years old in 2016 and 22.6 years old in 2017; -62.7%)
  • An decrease in average distance from the station (representing 6.0 min in 2016 and 5.0 min in 2017; -16.7%)

Yoyogiuehara1,315,789 JPY/sq.m (+148% compared with the previous year)

The average price of a sq.m Home of Yoyogiuehara was 1,315,789 JPY/sq.m. The market value represents an increase of 786,060 JPY (+148.4%) 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 age of the real estate was 30.5 years old (a +19.6% increase compared to the 25.5 years old of last year.). The average size of the real estate was 230.0 sq.m (a +76.9% increase compared to the 130.0 sq.m of last year.). The average total floor space of the real estate was 190.0 sq.m (a +2.7% increase compared to the 185.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 8.0 min in 2016 and 6.0 min in 2017; -25.0%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 25.5 years old in 2016 and 30.5 years old in 2017; +19.6%)

Ayase306,052 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Home of Ayase was 306,052 JPY/sq.m. The market value represents a decrease of 105,712 JPY (-25.7%) 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 29.5 years old (a +210.4% increase compared to the 9.5 years old of last year.). The average size of the real estate was 67.5 sq.m (a -28.9% decrease compared to the 95.0 sq.m of last year.). The average total floor space of the real estate was 72.5 sq.m (a -14.7% decrease compared to the 85.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.5 years old in 2016 and 29.5 years old in 2017; +210.4%)
  • A dramatic increase in average distance from the station (representing 7.0 min in 2016 and 9.0 min in 2017; +28.6%)

Nedu906,666 JPY/sq.m (-25% compared with the previous year)

The average price of a sq.m Home of Nedu was 906,666 JPY/sq.m. The market value represents a decrease of 300,230 JPY (-24.9%) 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 age of the real estate was 0.5 years old (a -96.5% decrease compared to the 14.5 years old of last year.). The average size of the real estate was 45.0 sq.m (a -95.2% decrease compared to the 930.0 sq.m of last year.). The average total floor space of the real estate was 75.0 sq.m (a -87.1% decrease compared to the 580.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 14.5 years old in 2016 and 0.5 years old in 2017; -96.5%)
  • A dramatic decrease in average distance from the station (representing 7.0 min in 2016 and 3.0 min in 2017; -57.1%)

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)