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 Apr, 2016 to Jun, 2016 was 610,846 JPY/sq.m. The market value represents an increase of 75,847 JPY (+14.2%) compared to 1 year ago and a transition to a bull market. 49 properties exchanged hands ( The market value represents an increase of 6 (+14.0%) compared to 1 year ago and a transition to a bull market.).

The average age of the real estate was 20.9 years old (a +29.5% increase compared to the 16.2 years old of last year.). The average size of the real estate was 154.3 sq.m (a +21.7% increase compared to the 126.7 sq.m of last year.). The average total floor space of the real estate was 218.3 sq.m (a -10.4% decrease compared to the 243.7 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large total floor space more than 200 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.

6 stations have experienced increased prices; 4 stations have experienced decreased prices. The overall trend was the same as last year. Chikatetsuakatsuka, Kanamechou, Zoushigaya, Shibuya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Higashishinnjuku station, where prices have increased +387.7% compared to last year; a sq.m unit now costs 1,640,000 JPY/sq.m.

The top 2 stations has seen prices increase +309.1% (+1,436,611 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -24.0% (-140,029 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 16.3% of total transactions in 2015 and 28.6% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.2 years old in 2015 and 20.9 years old in 2016; +29.5%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 45.2% of total transactions in 2015 and 33.3% of total transactions in 2016)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 11.9% of total transactions in 2015 and 16.7% of total transactions in 2016)

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 Ikebukuro, the highest market value along this railway was 2,250,264 JPY/sq.m. The market value represents an increase of 1,569,523 JPY (+230.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) 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 428,176 JPY/sq.m. The market value represents a decrease of 121,387 JPY (-22.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) 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(2016)1 year ago2 years ago
Chikatetsunarimasu240,000 JPY (0.3Y/115.0sq.m)-376,923 JPY (10.3Y/85.0sq.m)
Chikatetsuakatsuka450,146 JPY (9.3Y/208.3sq.m)334,057 JPY (29.3Y/101.7sq.m)473,704 JPY (12.6Y/88.3sq.m)
Heiwadai530,505 JPY (15.6Y/92.5sq.m)614,790 JPY (4.1Y/87.1sq.m)439,550 JPY (14.4Y/82.1sq.m)
Hikawadai455,465 JPY (23.9Y/274.4sq.m)614,136 JPY (4.6Y/106.7sq.m)833,333 JPY (38.3Y/260.0sq.m)
Kotake-Mukaihara428,176 JPY (20.3Y/93.6sq.m)549,563 JPY (9.0Y/92.8sq.m)588,235 JPY (1.3Y/110.0sq.m)
Sennkawa455,323 JPY (17.3Y/50.0sq.m)572,768 JPY (0.3Y/72.5sq.m)600,000 JPY (0.8Y/72.5sq.m)
Kanamechou455,898 JPY (24.6Y/143.6sq.m)356,161 JPY (32.8Y/288.0sq.m)454,826 JPY (36.6Y/166.7sq.m)
Ikebukuro2,250,264 JPY (40.9Y/250.0sq.m)680,741 JPY (35.3Y/123.8sq.m)567,481 JPY (27.3Y/55.0sq.m)
Zoushigaya677,941 JPY (0.3Y/67.5sq.m)544,806 JPY (24.8Y/155.0sq.m)514,962 JPY (18.8Y/91.7sq.m)
Nishiwaseda390,476 JPY (28.3Y/80.0sq.m)--
Higashishinnjuku1,640,000 JPY (8.3Y/250.0sq.m)336,302 JPY (34.8Y/50.0sq.m)-
Shinnjukusannchoume333,333 JPY (50.3Y/80.0sq.m)-581,818 JPY (36.3Y/110.0sq.m)
Kitasanndou--937,500 JPY (5.3Y/190.0sq.m)
Shibuya849,090 JPY (31.8Y/200.0sq.m)578,947 JPY (12.8Y/182.5sq.m)922,195 JPY (36.1Y/226.0sq.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

Higashishinnjuku1,640,000 JPY/sq.m (+388% compared with the previous year)

The average price of a sq.m Home of Higashishinnjuku was 1,640,000 JPY/sq.m. The market value represents an increase of 1,303,698 JPY (+387.7%) 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 8.3 years old (a -76.3% decrease compared to the 34.8 years old of last year.). The average size of the real estate was 250.0 sq.m (a +400.0% increase compared to the 50.0 sq.m of last year.). The average total floor space of the real estate was 250.0 sq.m (a +222.6% increase compared to the 77.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 34.8 years old in 2015 and 8.3 years old in 2016; -76.3%)

Ikebukuro2,250,264 JPY/sq.m (+231% compared with the previous year)

The average price of a sq.m Home of Ikebukuro was 2,250,264 JPY/sq.m. The market value represents an increase of 1,569,523 JPY (+230.6%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 1 (-25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 40.9 years old (a +15.9% increase compared to the 35.3 years old of last year.). The average size of the real estate was 250.0 sq.m (a +102.0% increase compared to the 123.8 sq.m of last year.). The average total floor space of the real estate was 206.7 sq.m (a -51.5% decrease compared to the 426.2 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 35.3 years old in 2015 and 40.9 years old in 2016; +15.9%)
  • A dramatic increase in average distance from the station (representing 5.8 min in 2015 and 8.3 min in 2016; +44.9%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2015 and 66.7% of total transactions in 2016)

Hikawadai455,465 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Home of Hikawadai was 455,465 JPY/sq.m. The market value represents a decrease of 158,671 JPY (-25.8%) 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 23.9 years old (a +421.7% increase compared to the 4.6 years old of last year.). The average size of the real estate was 274.4 sq.m (a +157.3% increase compared to the 106.7 sq.m of last year.). The average total floor space of the real estate was 315.0 sq.m (a +215.0% increase compared to the 100.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.3 min in 2015 and 6.9 min in 2016; -26.2%)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 4.6 years old in 2015 and 23.9 years old in 2016; +421.7%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2015 and 22.2% of total transactions in 2016)

Kotake-Mukaihara428,176 JPY/sq.m (-22% compared with the previous year)

The average price of a sq.m Home of Kotake-Mukaihara was 428,176 JPY/sq.m. The market value represents a decrease of 121,387 JPY (-22.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 2 (-22.2%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.3 years old (a +124.6% increase compared to the 9.0 years old of last year.). The average size of the real estate was 93.6 sq.m (a +0.9% increase compared to the 92.8 sq.m of last year.). The average total floor space of the real estate was 112.9 sq.m (a -2.8% decrease compared to the 116.1 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 22.2% of total transactions in 2015 and 28.6% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 9.0 years old in 2015 and 20.3 years old in 2016; +124.6%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 66.7% of total transactions in 2015 and 42.9% of total transactions in 2016)

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)