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, 2015 to Sep, 2015 was 491,584 JPY/sq.m. The market value represents a decrease of 38,548 JPY (-7.3%) compared to 1 year ago and a transition to a bear market. 36 properties exchanged hands ( The market value represents a decrease of 7 (-16.3%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 19.4 years old (a -20.4% decrease compared to the 24.3 years old of last year.). The average size of the real estate was 151.9 sq.m (a +38.1% increase compared to the 110.0 sq.m of last year.). The average total floor space of the real estate was 268.3 sq.m (a +44.3% increase compared to the 185.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively new buildings under 20 years old, as well as an increase in transactions involving size for a general family households less than 100 sq.m.

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Chikatetsunarimasu, Hikawadai station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Hikawadai station, where prices have increased +38.9% compared to last year; a sq.m unit now costs 513,333 JPY/sq.m.

The top 2 stations has seen prices increase +32.9% (+118,078 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.2% (-182,186 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.3 years old in 2014 and 19.4 years old in 2015; -20.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.0% of total transactions in 2014 and 19.4% of total transactions in 2015)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 26.3% of total transactions in 2014 and 17.1% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 7.8 min in 2014 and 8.9 min in 2015; +14.1%)
  • A slight decrease in transactions involving nearly new buildings under 3 years old (representing 31.6% of total transactions in 2014 and 31.4% 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 1,062,500 JPY/sq.m. The market value represents an increase of 156,840 JPY (+17.3%) compared to 1 year ago and a transition to a bull market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Home of Kanamechou, the lowest market value along this railway was 373,507 JPY/sq.m. The market value represents a decrease of 219,826 JPY (-37.0%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) 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
Chikatetsunarimasu435,294 JPY (0.5Y/90.0sq.m)342,857 JPY (27.5Y/200.0sq.m)347,259 JPY (9.5Y/285.0sq.m)
Chikatetsuakatsuka482,535 JPY (12.3Y/78.3sq.m)-379,950 JPY (20.5Y/216.0sq.m)
Heiwadai382,831 JPY (31.3Y/255.0sq.m)527,376 JPY (20.4Y/112.9sq.m)589,799 JPY (6.2Y/101.7sq.m)
Hikawadai513,333 JPY (17.0Y/110.0sq.m)369,614 JPY (32.8Y/98.0sq.m)650,642 JPY (19.0Y/126.2sq.m)
Kotake-Mukaihara533,333 JPY (0.5Y/45.0sq.m)467,200 JPY (9.3Y/75.0sq.m)540,607 JPY (5.5Y/90.5sq.m)
Sennkawa484,704 JPY (17.5Y/99.2sq.m)566,302 JPY (9.5Y/124.2sq.m)568,333 JPY (2.5Y/50.0sq.m)
Kanamechou373,507 JPY (25.3Y/143.3sq.m)593,333 JPY (31.2Y/110.0sq.m)522,318 JPY (6.2Y/113.3sq.m)
Ikebukuro-371,978 JPY (36.8Y/154.0sq.m)415,064 JPY (13.8Y/152.5sq.m)
Zoushigaya--312,380 JPY (29.5Y/47.5sq.m)
Nishiwaseda512,500 JPY (40.5Y/65.0sq.m)529,304 JPY (20.2Y/75.0sq.m)689,249 JPY (2.0Y/135.0sq.m)
Higashishinnjuku737,916 JPY (19.6Y/258.3sq.m)705,536 JPY (37.9Y/90.0sq.m)631,578 JPY (0.5Y/70.0sq.m)
Shinnjukusannchoume--604,878 JPY (13.0Y/102.5sq.m)
Kitasanndou1,000,000 JPY (11.5Y/520.0sq.m)--
Shibuya1,062,500 JPY (7.5Y/340.0sq.m)905,660 JPY (38.5Y/200.0sq.m)568,440 JPY (23.8Y/362.5sq.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

Hikawadai513,333 JPY/sq.m (+39% compared with the previous year)

The average price of a sq.m Home of Hikawadai was 513,333 JPY/sq.m. The market value represents an increase of 143,719 JPY (+38.9%) 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 17.0 years old (a -48.1% decrease compared to the 32.8 years old of last year.). The average size of the real estate was 110.0 sq.m (a +12.2% increase compared to the 98.0 sq.m of last year.). The average total floor space of the real estate was 112.5 sq.m (a +1.1% increase compared to the 111.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.8 years old in 2014 and 17.0 years old in 2015; -48.1%)
  • A dramatic decrease in average distance from the station (representing 10.8 min in 2014 and 6.0 min in 2015; -44.4%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 25.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Chikatetsunarimasu435,294 JPY/sq.m (+27% compared with the previous year)

The average price of a sq.m Home of Chikatetsunarimasu was 435,294 JPY/sq.m. The market value represents an increase of 92,437 JPY (+27.0%) 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 0.5 years old (a -98.2% decrease compared to the 27.5 years old of last year.). The average size of the real estate was 90.0 sq.m (a -55.0% decrease compared to the 200.0 sq.m of last year.). The average total floor space of the real estate was 85.0 sq.m (a -75.7% decrease compared to the 350.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 27.5 years old in 2014 and 0.5 years old in 2015; -98.2%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2014 and 26.0 min in 2015; +188.9%)

Kanamechou373,507 JPY/sq.m (-37% compared with the previous year)

The average price of a sq.m Home of Kanamechou was 373,507 JPY/sq.m. The market value represents a decrease of 219,826 JPY (-37.0%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 6 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.3 years old (a -18.9% decrease compared to the 31.2 years old of last year.). The average size of the real estate was 143.3 sq.m (a +30.3% increase compared to the 110.0 sq.m of last year.). The average total floor space of the real estate was 303.9 sq.m (a +209.0% increase compared to the 98.3 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 31.2 years old in 2014 and 25.3 years old in 2015; -18.9%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2014 and 22.2% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2014 and 6.8 min in 2015; +35.6%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2014 and 44.4% of total transactions in 2015)

Heiwadai382,831 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Home of Heiwadai was 382,831 JPY/sq.m. The market value represents a decrease of 144,546 JPY (-27.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 31.3 years old (a +53.5% increase compared to the 20.4 years old of last year.). The average size of the real estate was 255.0 sq.m (a +125.9% increase compared to the 112.9 sq.m of last year.). The average total floor space of the real estate was 277.5 sq.m (a +177.5% increase compared to the 100.0 sq.m of last year.).

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 14.3% of total transactions in 2014 and 25.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 20.4 years old in 2014 and 31.3 years old in 2015; +53.5%)
  • An increase in average distance from the station (representing 9.3 min in 2014 and 10.8 min in 2015; +15.8%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 28.6% of total transactions in 2014 and 50.0% of total transactions in 2015)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 14.3% of total transactions in 2014 and 25.0% of total transactions in 2015)

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)