Tokyo Metro Fukutoshin Line railway market report

Tokyo Metro Fukutoshin Line Home market overview

The average price of a sq.m Home of Tokyo Metro Fukutoshin Line (Chikatetsunarimasu to Shibuya), in Jan, 2014 to Mar, 2014 was 558,298 JPY/sq.m. The market value represents a decrease of 74,985 JPY (-11.8%) compared to 1 year ago and a transition to a weak market. 30 properties exchanged hands ( The market value represents a decrease of 38 (-55.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 12.0 years old (a -18.2% decrease compared to the 14.7 years old of last year.). The average size of the real estate was 187.8 sq.m (a +71.4% increase compared to the 109.6 sq.m of last year.). The average total floor space of the real estate was 357.8 sq.m (a +127.4% increase compared to the 157.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old, as well as a dramatic increase in transactions involving very large size more than 200 sq.m.

7 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was the same as last year. Chikatetsuakatsuka, Heiwadai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chikatetsuakatsuka station, where prices have increased +38.2% compared to last year; a sq.m unit now costs 662,121 JPY/sq.m.

The top 2 stations has seen prices increase +30.0% (+145,520 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -48.9% (-746,982 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 14.7 years old in 2013 and 12.0 years old in 2014; -18.2%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 13.4% of total transactions in 2013 and 3.4% of total transactions in 2014)
  • A some increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 3.0% of total transactions in 2013 and 3.3% of total transactions in 2014)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 50.7% of total transactions in 2013 and 37.9% of total transactions in 2014)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 22.7% of total transactions in 2013 and 16.7% of total transactions in 2014)

Breakdown of each segment

The table below shows Home dealt in Tokyo Metro Fukutoshin 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 Shibuya, the highest market value along this railway was 909,090 JPY/sq.m. The market value represents a decrease of 575,401 JPY (-38.8%) 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 price of a sq.m Home of Kotake-Mukaihara, the lowest market value along this railway was 387,866 JPY/sq.m. The market value represents a decrease of 48,080 JPY (-11.0%) compared to 1 year ago and a transition to a weak market. 4 properties exchanged hands ( The market value represents a decrease of 6 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

Tokyo Metro Fukutoshin Line (Stations Home market overview)
Tokyo Metro Fukutoshin LineThis year(2014)1 year ago2 years ago
Chikatetsunarimasu591,228 JPY (0.0Y/70.0sq.m)563,408 JPY (7.5Y/105.0sq.m)466,473 JPY (0.7Y/80.0sq.m)
Chikatetsuakatsuka662,121 JPY (0.5Y/77.5sq.m)478,968 JPY (7.3Y/77.9sq.m)-
Heiwadai605,882 JPY (0.0Y/85.0sq.m)497,995 JPY (8.2Y/88.0sq.m)652,516 JPY (16.9Y/177.5sq.m)
Hikawadai543,575 JPY (13.0Y/153.3sq.m)524,729 JPY (8.9Y/140.0sq.m)379,833 JPY (15.0Y/80.0sq.m)
Kotake-Mukaihara387,866 JPY (13.0Y/271.2sq.m)435,946 JPY (19.1Y/115.5sq.m)527,381 JPY (2.3Y/68.8sq.m)
Sennkawa546,007 JPY (12.8Y/105.0sq.m)513,175 JPY (23.0Y/158.1sq.m)519,786 JPY (24.0Y/57.5sq.m)
Kanamechou554,305 JPY (10.7Y/445.0sq.m)462,289 JPY (8.2Y/59.2sq.m)570,855 JPY (6.5Y/91.2sq.m)
Ikebukuro666,058 JPY (20.4Y/135.0sq.m)577,713 JPY (35.0Y/74.0sq.m)485,822 JPY (34.0Y/146.2sq.m)
Zoushigaya515,151 JPY (3.0Y/390.0sq.m)542,366 JPY (13.5Y/227.5sq.m)463,590 JPY (16.5Y/117.5sq.m)
Nishiwaseda833,333 JPY (7.0Y/310.0sq.m)--
Higashishinnjuku637,500 JPY (0.0Y/105.0sq.m)1,556,063 JPY (10.3Y/107.1sq.m)550,000 JPY (13.7Y/131.7sq.m)
Shinnjukusannchoume281,042 JPY (35.0Y/210.0sq.m)-720,123 JPY (18.7Y/68.3sq.m)
Kitasanndou-476,190 JPY (35.0Y/107.5sq.m)-
Shibuya909,090 JPY (19.0Y/135.0sq.m)1,484,491 JPY (10.0Y/160.0sq.m)596,630 JPY (32.4Y/346.7sq.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

Chikatetsuakatsuka662,121 JPY/sq.m (+38% compared with the previous year)

The average price of a sq.m Home of Chikatetsuakatsuka was 662,121 JPY/sq.m. The market value represents an increase of 183,154 JPY (+38.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 10 (-83.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.5 years old (a -93.1% decrease compared to the 7.3 years old of last year.). The average size of the real estate was 77.5 sq.m (a -0.5% decrease compared to the 77.9 sq.m of last year.). The average total floor space of the real estate was 72.5 sq.m (a -17.9% decrease compared to the 88.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 7.3 years old in 2013 and 0.5 years old in 2014; -93.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2013 and 100.0% of total transactions in 2014)

Causes of price decreases

  • An increase in average distance from the station (representing 9.0 min in 2013 and 10.0 min in 2014; +11.1%)

Heiwadai605,882 JPY/sq.m (+22% compared with the previous year)

The average price of a sq.m Home of Heiwadai was 605,882 JPY/sq.m. The market value represents an increase of 107,887 JPY (+21.7%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 3 (-60.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.0 years old (a -100.0% decrease compared to the 8.2 years old of last year.). The average size of the real estate was 85.0 sq.m (a -3.4% decrease compared to the 88.0 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -8.6% decrease compared to the 93.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 8.2 years old in 2013 and 0.0 years old in 2014; -100.0%)
  • A dramatic decrease in average distance from the station (representing 10.8 min in 2013 and 8.0 min in 2014; -25.9%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 80.0% of total transactions in 2013 and 100.0% of total transactions in 2014)

Higashishinnjuku637,500 JPY/sq.m (-59% compared with the previous year)

The average price of a sq.m Home of Higashishinnjuku was 637,500 JPY/sq.m. The market value represents a decrease of 918,563 JPY (-59.0%) 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 size of the real estate was 105.0 sq.m (a -2.0% decrease compared to the 107.1 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a -64.0% decrease compared to the 222.1 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.7 min in 2013 and 8.0 min in 2014; +69.7%)

Shibuya909,090 JPY/sq.m (-39% compared with the previous year)

The average price of a sq.m Home of Shibuya was 909,090 JPY/sq.m. The market value represents a decrease of 575,401 JPY (-38.8%) 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 19.0 years old (a +90.0% increase compared to the 10.0 years old of last year.). The average size of the real estate was 135.0 sq.m (a -15.6% decrease compared to the 160.0 sq.m of last year.). The average total floor space of the real estate was 330.0 sq.m (a +15.8% increase compared to the 285.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 10.0 years old in 2013 and 19.0 years old in 2014; +90.0%)
  • An increase in average distance from the station (representing 6.0 min in 2013 and 7.0 min in 2014; +16.7%)

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)