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 Dec, 2015 was 618,835 JPY/sq.m. The market value represents an increase of 47,428 JPY (+8.3%) compared to 1 year ago and a transition to a strong market. 147 properties exchanged hands ( The market value represents an increase of 17 (+13.1%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 18.7 years old (a -4.2% decrease compared to the 19.5 years old of last year.). The average size of the real estate was 148.7 sq.m (a +9.3% increase compared to the 136.0 sq.m of last year.). The average total floor space of the real estate was 284.8 sq.m (a +5.7% increase compared to the 269.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

7 stations have experienced increased prices; 7 stations have experienced decreased prices. The overall trend was the same as last year. Kitasanndou, Shibuya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Shinnjukusannchoume station, where prices have increased +169.6% compared to last year; a sq.m unit now costs 1,037,000 JPY/sq.m.

The top 2 stations has seen prices increase +134.2% (+838,668 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -24.1% (-120,081 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 16.2% of total transactions in 2014 and 21.9% of total transactions in 2015)
  • An increase in transactions involving nearly new buildings under 3 years old (representing 30.3% of total transactions in 2014 and 34.3% of total transactions in 2015)

Causes of price decreases

  • A some increase in transactions involving relatively old buildings under 40 years old (representing 30.3% of total transactions in 2014 and 32.1% of total transactions in 2015)
  • A dramatic decrease in transactions involving recently constructed buildings under 6 years old (representing 4.9% of total transactions in 2014 and 2.9% 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 2,062,868 JPY/sq.m. The market value represents an increase of 1,024,994 JPY (+98.8%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 4 (-30.8%) 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 355,995 JPY/sq.m. The market value represents a decrease of 92,687 JPY (-20.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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
Chikatetsunarimasu355,995 JPY (17.0Y/277.5sq.m)448,682 JPY (13.7Y/98.0sq.m)450,942 JPY (5.8Y/168.1sq.m)
Chikatetsuakatsuka416,553 JPY (22.7Y/121.8sq.m)489,019 JPY (10.0Y/80.0sq.m)428,160 JPY (12.5Y/112.8sq.m)
Heiwadai557,586 JPY (12.7Y/125.5sq.m)483,794 JPY (17.7Y/94.1sq.m)503,413 JPY (11.3Y/95.3sq.m)
Hikawadai546,777 JPY (13.1Y/139.4sq.m)478,580 JPY (23.7Y/140.0sq.m)562,505 JPY (11.5Y/114.2sq.m)
Kotake-Mukaihara554,319 JPY (10.6Y/105.6sq.m)462,100 JPY (9.6Y/157.5sq.m)497,846 JPY (12.7Y/118.9sq.m)
Sennkawa535,603 JPY (11.1Y/86.0sq.m)544,309 JPY (8.7Y/106.9sq.m)563,355 JPY (11.1Y/98.5sq.m)
Kanamechou387,545 JPY (25.4Y/166.8sq.m)535,020 JPY (23.7Y/213.6sq.m)467,550 JPY (10.6Y/72.6sq.m)
Ikebukuro593,097 JPY (32.9Y/275.0sq.m)518,853 JPY (29.0Y/121.8sq.m)514,578 JPY (25.0Y/191.7sq.m)
Zoushigaya503,530 JPY (24.6Y/145.0sq.m)515,025 JPY (13.5Y/166.2sq.m)483,519 JPY (27.5Y/129.5sq.m)
Nishiwaseda506,250 JPY (29.3Y/57.5sq.m)604,703 JPY (16.9Y/140.0sq.m)607,118 JPY (15.9Y/123.3sq.m)
Higashishinnjuku565,388 JPY (28.9Y/124.0sq.m)695,816 JPY (37.9Y/92.1sq.m)1,145,488 JPY (17.4Y/107.9sq.m)
Shinnjukusannchoume1,037,000 JPY (28.4Y/157.5sq.m)384,659 JPY (33.3Y/150.0sq.m)604,878 JPY (13.0Y/102.5sq.m)
Kitasanndou1,054,204 JPY (5.1Y/365.0sq.m)799,184 JPY (3.0Y/125.0sq.m)673,596 JPY (33.9Y/124.3sq.m)
Shibuya2,062,868 JPY (14.9Y/156.7sq.m)1,037,874 JPY (32.7Y/211.2sq.m)1,239,223 JPY (20.2Y/329.6sq.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

Shinnjukusannchoume1,037,000 JPY/sq.m (+170% compared with the previous year)

The average price of a sq.m Home of Shinnjukusannchoume was 1,037,000 JPY/sq.m. The market value represents an increase of 652,341 JPY (+169.6%) 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 28.4 years old (a -14.7% decrease compared to the 33.3 years old of last year.). The average size of the real estate was 157.5 sq.m (a +5.0% increase compared to the 150.0 sq.m of last year.). The average total floor space of the real estate was 1131.2 sq.m (a +51.3% increase compared to the 747.5 sq.m of last year.).

Cause of price increases

  • An decrease in average age of the building (representing 33.3 years old in 2014 and 28.4 years old in 2015; -14.7%)
  • A dramatic decrease in average distance from the station (representing 3.5 min in 2014 and 2.0 min in 2015; -42.9%)
  • A 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 2014 and 66.7% of total transactions in 2015)

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 75.0% of total transactions in 2014 and 33.3% of total transactions in 2015)

Shibuya2,062,868 JPY/sq.m (+99% compared with the previous year)

The average price of a sq.m Home of Shibuya was 2,062,868 JPY/sq.m. The market value represents an increase of 1,024,994 JPY (+98.8%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 4 (-30.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 14.9 years old (a -54.4% decrease compared to the 32.7 years old of last year.). The average size of the real estate was 156.7 sq.m (a -25.8% decrease compared to the 211.2 sq.m of last year.). The average total floor space of the real estate was 674.4 sq.m (a +6.7% increase compared to the 631.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 32.7 years old in 2014 and 14.9 years old in 2015; -54.4%)

Causes of price decreases

  • An increase in transactions involving relatively old buildings under 40 years old (representing 38.5% of total transactions in 2014 and 42.9% of total transactions in 2015)

Kanamechou387,545 JPY/sq.m (-28% compared with the previous year)

The average price of a sq.m Home of Kanamechou was 387,545 JPY/sq.m. The market value represents a decrease of 147,475 JPY (-27.6%) compared to 1 year ago and a transition to a dramatic market. 20 properties exchanged hands ( The market value represents an increase of 9 (+81.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.4 years old (a +6.9% increase compared to the 23.7 years old of last year.). The average size of the real estate was 166.8 sq.m (a -21.9% decrease compared to the 213.6 sq.m of last year.). The average total floor space of the real estate was 335.2 sq.m (a +12.6% increase compared to the 297.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 27.3% of total transactions in 2014 and 21.1% of total transactions in 2015)

Causes of price decreases

  • An increase in average distance from the station (representing 6.6 min in 2014 and 7.7 min in 2015; +16.0%)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 36.4% of total transactions in 2014 and 42.1% of total transactions in 2015)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 27.3% of total transactions in 2014 and 15.8% of total transactions in 2015)

Chikatetsunarimasu355,995 JPY/sq.m (-21% compared with the previous year)

The average price of a sq.m Home of Chikatetsunarimasu was 355,995 JPY/sq.m. The market value represents a decrease of 92,687 JPY (-20.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) 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 +23.6% increase compared to the 13.7 years old of last year.). The average size of the real estate was 277.5 sq.m (a +183.2% increase compared to the 98.0 sq.m of last year.). The average total floor space of the real estate was 343.8 sq.m (a +129.2% increase compared to the 150.0 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 40.0% of total transactions in 2014 and 50.0% of total transactions in 2015)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 13.7 years old in 2014 and 17.0 years old in 2015; +23.6%)
  • A dramatic increase in average distance from the station (representing 6.4 min in 2014 and 16.0 min in 2015; +150.0%)

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)