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 Jul, 2014 to Sep, 2014 was 530,132 JPY/sq.m. The market value represents an increase of 4,963 JPY (+0.9%) compared to 1 year ago and a transition to a slight market. 43 properties exchanged hands ( The market value represents a decrease of 10 (-18.9%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 24.3 years old (a +120.1% increase compared to the 11.1 years old of last year.). The average size of the real estate was 110.0 sq.m (a -22.3% decrease compared to the 141.5 sq.m of last year.). The average total floor space of the real estate was 185.9 sq.m (a -30.2% decrease compared to the 266.3 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 middle total floor space for a DINKS or an old age households less than 60 sq.m.

3 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Shibuya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shibuya station, where prices have increased +59.3% compared to last year; a sq.m unit now costs 905,660 JPY/sq.m.

The top 2 stations has seen prices increase +36.5% (+204,117 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -33.2% (-220,487 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 9.1 min in 2013 and 7.8 min in 2014; -13.5%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 11.1 years old in 2013 and 24.3 years old in 2014; +120.1%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 5.7% of total transactions in 2013 and 26.3% of total transactions in 2014)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 56.6% of total transactions in 2013 and 31.6% 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 905,660 JPY/sq.m. The market value represents an increase of 337,220 JPY (+59.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Chikatetsunarimasu, the lowest market value along this railway was 342,857 JPY/sq.m. The market value represents a decrease of 4,402 JPY (-1.3%) compared to 1 year ago and a transition to a slight 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.).

Tokyo Metro Fukutoshin Line (Stations Home market overview)
Tokyo Metro Fukutoshin LineThis year(2014)1 year ago2 years ago
Chikatetsunarimasu342,857 JPY (27.5Y/200.0sq.m)347,259 JPY (9.5Y/285.0sq.m)432,504 JPY (12.7Y/81.0sq.m)
Chikatetsuakatsuka-379,950 JPY (20.5Y/216.0sq.m)439,649 JPY (6.2Y/90.0sq.m)
Heiwadai527,376 JPY (20.4Y/112.9sq.m)589,799 JPY (6.2Y/101.7sq.m)389,917 JPY (16.7Y/122.0sq.m)
Hikawadai369,614 JPY (32.8Y/98.0sq.m)650,642 JPY (19.0Y/126.2sq.m)622,447 JPY (1.9Y/94.3sq.m)
Kotake-Mukaihara467,200 JPY (9.3Y/75.0sq.m)540,607 JPY (5.5Y/90.5sq.m)563,131 JPY (6.3Y/111.2sq.m)
Sennkawa566,302 JPY (9.5Y/124.2sq.m)568,333 JPY (2.5Y/50.0sq.m)505,922 JPY (7.0Y/62.5sq.m)
Kanamechou593,333 JPY (31.2Y/110.0sq.m)522,318 JPY (6.2Y/113.3sq.m)436,121 JPY (12.5Y/87.0sq.m)
Ikebukuro371,978 JPY (36.8Y/154.0sq.m)415,064 JPY (13.8Y/152.5sq.m)371,547 JPY (19.3Y/303.0sq.m)
Zoushigaya-312,380 JPY (29.5Y/47.5sq.m)617,554 JPY (10.0Y/207.5sq.m)
Nishiwaseda529,304 JPY (20.2Y/75.0sq.m)689,249 JPY (2.0Y/135.0sq.m)426,470 JPY (22.5Y/120.0sq.m)
Higashishinnjuku705,536 JPY (37.9Y/90.0sq.m)631,578 JPY (0.5Y/70.0sq.m)600,000 JPY (3.5Y/55.0sq.m)
Shinnjukusannchoume-604,878 JPY (13.0Y/102.5sq.m)963,636 JPY (48.5Y/40.0sq.m)
Kitasanndou--711,304 JPY (13.0Y/102.5sq.m)
Shibuya905,660 JPY (38.5Y/200.0sq.m)568,440 JPY (23.8Y/362.5sq.m)660,081 JPY (36.5Y/245.8sq.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

Shibuya905,660 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Home of Shibuya was 905,660 JPY/sq.m. The market value represents an increase of 337,220 JPY (+59.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 38.5 years old (a +62.1% increase compared to the 23.8 years old of last year.). The average size of the real estate was 200.0 sq.m (a -44.8% decrease compared to the 362.5 sq.m of last year.). The average total floor space of the real estate was 530.0 sq.m (a -48.1% decrease compared to the 1021.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.8 min in 2013 and 5.0 min in 2014; -25.9%)
  • 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 2013 and 100.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 23.8 years old in 2013 and 38.5 years old in 2014; +62.1%)

Kanamechou593,333 JPY/sq.m (+14% compared with the previous year)

The average price of a sq.m Home of Kanamechou was 593,333 JPY/sq.m. The market value represents an increase of 71,015 JPY (+13.6%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands (It was the same as last year.).

The average age of the real estate was 31.2 years old (a +405.2% increase compared to the 6.2 years old of last year.). The average size of the real estate was 110.0 sq.m (a -2.9% decrease compared to the 113.3 sq.m of last year.). The average total floor space of the real estate was 98.3 sq.m (a -39.8% decrease compared to the 163.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 7.3 min in 2013 and 5.0 min in 2014; -31.8%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 6.2 years old in 2013 and 31.2 years old in 2014; +405.2%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2013 and 33.3% of total transactions in 2014)

Hikawadai369,614 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Home of Hikawadai was 369,614 JPY/sq.m. The market value represents a decrease of 281,028 JPY (-43.2%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 32.8 years old (a +72.4% increase compared to the 19.0 years old of last year.). The average size of the real estate was 98.0 sq.m (a -22.4% decrease compared to the 126.2 sq.m of last year.). The average total floor space of the real estate was 111.2 sq.m (a +18.7% increase compared to the 93.8 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2013 and 25.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.0 years old in 2013 and 32.8 years old in 2014; +72.4%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Nishiwaseda529,304 JPY/sq.m (-23% compared with the previous year)

The average price of a sq.m Home of Nishiwaseda was 529,304 JPY/sq.m. The market value represents a decrease of 159,945 JPY (-23.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) 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 +906.4% increase compared to the 2.0 years old of last year.). The average size of the real estate was 75.0 sq.m (a -44.4% decrease compared to the 135.0 sq.m of last year.). The average total floor space of the real estate was 111.7 sq.m (a -78.9% decrease compared to the 530.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 2.0 years old in 2013 and 20.2 years old in 2014; +906.4%)
  • A dramatic increase in average distance from the station (representing 4.0 min in 2013 and 5.7 min in 2014; +41.7%)
  • 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 2013 and 33.3% of total transactions in 2014)

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)