Tokyo Metro Fukutoshin Line Tokyo 2015-1Q
Home market report

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, 2015 to Mar, 2015 was 789,902 JPY/sq.m. The market value represents an increase of 231,604 JPY (+41.5%) compared to 1 year ago and a transition to a dramatic market. 45 properties exchanged hands ( The market value represents an increase of 15 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 18.2 years old (a +51.3% increase compared to the 12.0 years old of last year.). The average size of the real estate was 176.6 sq.m (a -6.0% decrease compared to the 187.8 sq.m of last year.). The average total floor space of the real estate was 316.4 sq.m (a -11.6% decrease compared to the 357.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

3 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Kotake-Mukaihara, Shinnjukusannchoume 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 +249.8% compared to last year; a sq.m unit now costs 3,180,105 JPY/sq.m.

The top 2 stations has seen prices increase +150.3% (+1,206,987 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -43.5% (-287,878 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2014 and 28.9% of total transactions in 2015)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 3.4% of total transactions in 2014 and 5.4% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.0 years old in 2014 and 18.2 years old in 2015; +51.3%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 24.1% of total transactions in 2014 and 35.1% of total transactions in 2015)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 3.4% of total transactions in 2014 and 8.1% of total transactions in 2015)

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 3,180,105 JPY/sq.m. The market value represents an increase of 2,271,015 JPY (+249.8%) 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 Zoushigaya, the lowest market value along this railway was 272,727 JPY/sq.m. The market value represents a decrease of 242,424 JPY (-47.1%) 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 Fukutoshin Line (Stations Home market overview)
Tokyo Metro Fukutoshin LineThis year(2015)1 year ago2 years ago
Chikatetsunarimasu-591,228 JPY (0.0Y/70.0sq.m)563,408 JPY (7.5Y/105.0sq.m)
Chikatetsuakatsuka434,226 JPY (26.2Y/167.1sq.m)662,121 JPY (0.5Y/77.5sq.m)478,968 JPY (7.3Y/77.9sq.m)
Heiwadai604,325 JPY (9.7Y/106.7sq.m)605,882 JPY (0.0Y/85.0sq.m)497,995 JPY (8.2Y/88.0sq.m)
Hikawadai501,713 JPY (19.0Y/191.7sq.m)543,575 JPY (13.0Y/153.3sq.m)524,729 JPY (8.9Y/140.0sq.m)
Kotake-Mukaihara552,143 JPY (7.9Y/123.6sq.m)387,866 JPY (13.0Y/271.2sq.m)435,946 JPY (19.1Y/115.5sq.m)
Sennkawa-546,007 JPY (12.8Y/105.0sq.m)513,175 JPY (23.0Y/158.1sq.m)
Kanamechou449,910 JPY (11.5Y/192.5sq.m)554,305 JPY (10.7Y/445.0sq.m)462,289 JPY (8.2Y/59.2sq.m)
Ikebukuro476,239 JPY (30.5Y/375.8sq.m)666,058 JPY (20.4Y/135.0sq.m)577,713 JPY (35.0Y/74.0sq.m)
Zoushigaya272,727 JPY (18.0Y/177.5sq.m)515,151 JPY (3.0Y/390.0sq.m)542,366 JPY (13.5Y/227.5sq.m)
Nishiwaseda500,000 JPY (18.0Y/50.0sq.m)833,333 JPY (7.0Y/310.0sq.m)-
Higashishinnjuku511,111 JPY (53.0Y/40.0sq.m)637,500 JPY (0.0Y/105.0sq.m)1,556,063 JPY (10.3Y/107.1sq.m)
Shinnjukusannchoume424,000 JPY (22.5Y/140.0sq.m)281,042 JPY (35.0Y/210.0sq.m)-
Kitasanndou928,571 JPY (2.0Y/395.0sq.m)-476,190 JPY (35.0Y/107.5sq.m)
Shibuya3,180,105 JPY (23.5Y/91.2sq.m)909,090 JPY (19.0Y/135.0sq.m)1,484,491 JPY (10.0Y/160.0sq.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

Shibuya3,180,105 JPY/sq.m (+250% compared with the previous year)

The average price of a sq.m Home of Shibuya was 3,180,105 JPY/sq.m. The market value represents an increase of 2,271,015 JPY (+249.8%) 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 23.5 years old (a +23.7% increase compared to the 19.0 years old of last year.). The average size of the real estate was 91.2 sq.m (a -32.4% decrease compared to the 135.0 sq.m of last year.). The average total floor space of the real estate was 255.0 sq.m (a -22.7% decrease compared to the 330.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.0 years old in 2014 and 23.5 years old in 2015; +23.7%)
  • An increase in average distance from the station (representing 7.0 min in 2014 and 8.0 min in 2015; +14.3%)

Shinnjukusannchoume424,000 JPY/sq.m (+51% compared with the previous year)

The average price of a sq.m Home of Shinnjukusannchoume was 424,000 JPY/sq.m. The market value represents an increase of 142,958 JPY (+50.9%) 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 age of the real estate was 22.5 years old (a -35.7% decrease compared to the 35.0 years old of last year.). The average size of the real estate was 140.0 sq.m (a -33.3% decrease compared to the 210.0 sq.m of last year.). The average total floor space of the real estate was 1062.5 sq.m (a +40.7% increase compared to the 755.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.0 years old in 2014 and 22.5 years old in 2015; -35.7%)
  • A dramatic decrease in average distance from the station (representing 3.5 min in 2014 and 2.0 min in 2015; -42.9%)
  • A slight decrease in transactions involving relatively old buildings under 40 years old (representing 50.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • A slight decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 50.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Zoushigaya272,727 JPY/sq.m (-47% compared with the previous year)

The average price of a sq.m Home of Zoushigaya was 272,727 JPY/sq.m. The market value represents a decrease of 242,424 JPY (-47.1%) 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 18.0 years old (a +499.8% increase compared to the 3.0 years old of last year.). The average size of the real estate was 177.5 sq.m (a -54.5% decrease compared to the 390.0 sq.m of last year.). The average total floor space of the real estate was 660.0 sq.m (a +0.0% decrease compared to the 660.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 6.0 min in 2014 and 4.0 min in 2015; -33.3%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 3.0 years old in 2014 and 18.0 years old in 2015; +499.8%)

Nishiwaseda500,000 JPY/sq.m (-40% compared with the previous year)

The average price of a sq.m Home of Nishiwaseda was 500,000 JPY/sq.m. The market value represents a decrease of 333,333 JPY (-40.0%) 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 18.0 years old (a +157.1% increase compared to the 7.0 years old of last year.). The average size of the real estate was 50.0 sq.m (a -83.9% decrease compared to the 310.0 sq.m of last year.). The average total floor space of the real estate was 80.0 sq.m (a -93.3% decrease compared to the 1200.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 7.0 years old in 2014 and 18.0 years old in 2015; +157.1%)
  • A dramatic increase in average distance from the station (representing 5.0 min in 2014 and 11.0 min in 2015; +120.0%)

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)