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, 2017 to Dec, 2017 was 1,820,080 JPY/sq.m. The market value represents an increase of 1,272,573 JPY (+232.4%) compared to 1 year ago and a transition to a dramatic market. 26 properties exchanged hands ( The market value represents a decrease of 21 (-44.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 28.4 years old (a +18.8% increase compared to the 23.9 years old of last year.). The average size of the real estate was 261.2 sq.m (a +44.7% increase compared to the 180.5 sq.m of last year.). The average total floor space of the real estate was 486.0 sq.m (a +53.1% increase compared to the 317.4 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 very large total floor space more than 200 sq.m.

2 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kitasennju station has seen a price decrease of over 10% compared to last year. The most dramatic price increase was at Yoyogikouenn station, where prices have decreased -42.9% compared to last year; a sq.m unit now costs 500,000 JPY/sq.m.

The top 2 stations has seen prices increase +388.3% (+3,375,958 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.0% (-261,399 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 6.4% of total transactions in 2016 and 19.2% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 23.9 years old in 2016 and 28.4 years old in 2017; +18.8%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 34.9% of total transactions in 2016 and 13.0% of total transactions in 2017)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.5% of total transactions in 2016 and 15.4% 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 7,636,764 JPY/sq.m. The market value represents an increase of 5,711,551 JPY (+296.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Kitaayase, the lowest market value along this railway was 306,529 JPY/sq.m. The market value represents a decrease of 43,958 JPY (-12.5%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 6 (-46.2%) 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(2017)1 year ago2 years ago
Ayase1,257,142 JPY (37.8Y/421.7sq.m)216,777 JPY (31.8Y/254.3sq.m)374,458 JPY (8.1Y/71.1sq.m)
Kitasennju332,253 JPY (26.5Y/154.2sq.m)353,281 JPY (30.4Y/129.0sq.m)512,077 JPY (6.4Y/85.6sq.m)
Machiya433,333 JPY (26.8Y/45.0sq.m)508,852 JPY (11.8Y/412.5sq.m)387,500 JPY (30.8Y/185.0sq.m)
Nishinippori---
Senndagi-500,000 JPY (38.8Y/150.0sq.m)762,500 JPY (18.8Y/67.5sq.m)
Nedu549,295 JPY (26.8Y/340.0sq.m)697,094 JPY (0.8Y/51.7sq.m)-
Yushima--635,294 JPY (44.8Y/45.0sq.m)
Shinnochanomizu---
Ootemachi-600,000 JPY (44.8Y/105.0sq.m)-
Hibiya-909,090 JPY (31.8Y/70.0sq.m)-
Akasaka1,616,161 JPY (9.8Y/340.0sq.m)--
Nogizaka1,894,736 JPY (50.8Y/115.0sq.m)-570,588 JPY (24.8Y/410.0sq.m)
Omotesanndou7,636,764 JPY (31.3Y/700.0sq.m)1,925,213 JPY (37.8Y/258.8sq.m)1,352,941 JPY (14.8Y/130.0sq.m)
Kanmonkaikyo Mekari--3,138,644 JPY (29.8Y/168.3sq.m)
Yoyogikouenn500,000 JPY (49.8Y/195.0sq.m)875,000 JPY (34.3Y/100.0sq.m)1,129,411 JPY (9.8Y/90.0sq.m)
Yoyogiuehara-776,683 JPY (25.4Y/86.7sq.m)244,444 JPY (34.8Y/110.0sq.m)
Kitaayase306,529 JPY (20.6Y/102.9sq.m)350,488 JPY (14.8Y/121.2sq.m)354,148 JPY (5.3Y/102.5sq.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

Ayase1,257,142 JPY/sq.m (+480% compared with the previous year)

The average price of a sq.m Home of Ayase was 1,257,142 JPY/sq.m. The market value represents an increase of 1,040,365 JPY (+479.9%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) 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 +18.9% increase compared to the 31.8 years old of last year.). The average size of the real estate was 421.7 sq.m (a +65.8% increase compared to the 254.3 sq.m of last year.). The average total floor space of the real estate was 1145.0 sq.m (a +42.9% increase compared to the 801.4 sq.m of last year.).

Cause of price increases

  • A some decrease in transactions involving relatively old buildings under 40 years old (representing 71.4% of total transactions in 2016 and 66.7% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 31.8 years old in 2016 and 37.8 years old in 2017; +18.9%)
  • A dramatic increase in average distance from the station (representing 5.9 min in 2016 and 7.7 min in 2017; +30.9%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.3% of total transactions in 2016 and 33.3% of total transactions in 2017)

Omotesanndou7,636,764 JPY/sq.m (+297% compared with the previous year)

The average price of a sq.m Home of Omotesanndou was 7,636,764 JPY/sq.m. The market value represents an increase of 5,711,551 JPY (+296.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 31.3 years old (a -17.1% decrease compared to the 37.8 years old of last year.). The average size of the real estate was 700.0 sq.m (a +170.5% increase compared to the 258.8 sq.m of last year.). The average total floor space of the real estate was 1068.8 sq.m (a +235.7% increase compared to the 318.3 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 37.8 years old in 2016 and 31.3 years old in 2017; -17.1%)
  • A dramatic decrease in average distance from the station (representing 5.8 min in 2016 and 3.8 min in 2017; -34.8%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 25.0% of total transactions in 2016 and 75.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

Yoyogikouenn500,000 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Home of Yoyogikouenn was 500,000 JPY/sq.m. The market value represents a decrease of 375,000 JPY (-42.9%) 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 49.8 years old (a +45.2% increase compared to the 34.3 years old of last year.). The average size of the real estate was 195.0 sq.m (a +95.0% increase compared to the 100.0 sq.m of last year.). The average total floor space of the real estate was 420.0 sq.m (a +425.0% 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 7.5 min in 2016 and 1.0 min in 2017; -86.7%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 34.3 years old in 2016 and 49.8 years old in 2017; +45.2%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 100.0% of total transactions in 2017)

Nedu549,295 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Home of Nedu was 549,295 JPY/sq.m. The market value represents a decrease of 147,799 JPY (-21.2%) 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 26.8 years old (a +3453.5% increase compared to the 0.8 years old of last year.). The average size of the real estate was 340.0 sq.m (a +558.1% increase compared to the 51.7 sq.m of last year.). The average total floor space of the real estate was 710.0 sq.m (a +890.7% increase compared to the 71.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.7 min in 2016 and 4.0 min in 2017; -29.4%)
  • 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 2016 and 100.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 0.8 years old in 2016 and 26.8 years old in 2017; +3453.5%)

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)