Tokyo Metro Fukutoshin Line Tokyo 2016-4Q
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 Oct, 2016 to Dec, 2016 was 731,339 JPY/sq.m. The market value represents an increase of 39,704 JPY (+5.7%) compared to 1 year ago and a transition to a strong market. 43 properties exchanged hands ( The market value represents an increase of 20 (+87.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.6 years old (a -10.5% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 125.1 sq.m (a -4.1% decrease compared to the 130.4 sq.m of last year.). The average total floor space of the real estate was 177.2 sq.m (a -46.7% decrease compared to the 332.2 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 a dramatic increase in transactions involving relatively large total floor space more than 100 sq.m.

6 stations have experienced increased prices; 3 stations have experienced decreased prices. The overall trend was the same as last year. Chikatetsunarimasu, Kanamechou, Higashishinnjuku station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Chikatetsuakatsuka station, where prices have increased +262.9% compared to last year; a sq.m unit now costs 524,190 JPY/sq.m.

The top 2 stations has seen prices increase +152.0% (+257,739 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -28.1% (-416,956 JPY/sq.m).

Cause of price increases

  • An decrease in average age of the building (representing 23.0 years old in 2015 and 20.6 years old in 2016; -10.5%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 34.8% of total transactions in 2015 and 23.1% of total transactions in 2016)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 26.1% of total transactions in 2015 and 17.9% of total transactions in 2016)

Causes of price decreases

  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 34.8% of total transactions in 2015 and 17.9% of total transactions in 2016)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 22.7% of total transactions in 2015 and 14.0% 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 Shibuya, the highest market value along this railway was 1,373,921 JPY/sq.m. The market value represents a decrease of 438,579 JPY (-24.2%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 7 (+350.0%) 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 465,294 JPY/sq.m. The market value represents an increase of 135,732 JPY (+41.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) 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
Chikatetsunarimasu465,294 JPY (20.8Y/152.5sq.m)329,562 JPY (22.4Y/340.0sq.m)341,176 JPY (30.8Y/65.0sq.m)
Chikatetsuakatsuka524,190 JPY (25.3Y/121.7sq.m)144,444 JPY (44.8Y/125.0sq.m)338,888 JPY (15.8Y/77.5sq.m)
Heiwadai609,044 JPY (14.4Y/114.0sq.m)566,666 JPY (14.3Y/57.5sq.m)200,000 JPY (53.8Y/65.0sq.m)
Hikawadai586,900 JPY (6.1Y/90.0sq.m)-364,705 JPY (4.8Y/190.0sq.m)
Kotake-Mukaihara654,074 JPY (20.4Y/180.0sq.m)633,333 JPY (53.8Y/155.0sq.m)498,425 JPY (8.8Y/158.8sq.m)
Sennkawa607,656 JPY (0.8Y/117.5sq.m)766,666 JPY (0.8Y/60.0sq.m)498,343 JPY (7.0Y/102.0sq.m)
Kanamechou554,250 JPY (23.1Y/140.0sq.m)419,333 JPY (25.0Y/55.0sq.m)538,913 JPY (12.8Y/92.5sq.m)
Ikebukuro516,621 JPY (23.8Y/82.5sq.m)--
Zoushigaya-569,230 JPY (30.8Y/40.0sq.m)-
Nishiwaseda--602,272 JPY (16.8Y/165.0sq.m)
Higashishinnjuku747,368 JPY (16.8Y/150.0sq.m)564,104 JPY (27.0Y/81.2sq.m)-
Shinnjukusannchoume-1,650,000 JPY (34.3Y/175.0sq.m)394,736 JPY (26.8Y/70.0sq.m)
Kitasanndou838,709 JPY (27.9Y/110.0sq.m)1,234,042 JPY (1.8Y/150.0sq.m)660,869 JPY (0.8Y/60.0sq.m)
Shibuya1,373,921 JPY (21.8Y/125.0sq.m)1,812,500 JPY (12.3Y/170.0sq.m)1,177,772 JPY (31.3Y/213.3sq.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

Chikatetsuakatsuka524,190 JPY/sq.m (+263% compared with the previous year)

The average price of a sq.m Home of Chikatetsuakatsuka was 524,190 JPY/sq.m. The market value represents an increase of 379,746 JPY (+262.9%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 5 (+500.0%) 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 -43.6% decrease compared to the 44.8 years old of last year.). The average size of the real estate was 121.7 sq.m (a -2.7% decrease compared to the 125.0 sq.m of last year.). The average total floor space of the real estate was 145.8 sq.m (a -46.0% decrease compared to the 270.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 44.8 years old in 2015 and 25.3 years old in 2016; -43.6%)
  • A dramatic decrease in average distance from the station (representing 9.0 min in 2015 and 7.2 min in 2016; -20.4%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 100.0% of total transactions in 2015 and 33.3% of total transactions in 2016)

Chikatetsunarimasu465,294 JPY/sq.m (+41% compared with the previous year)

The average price of a sq.m Home of Chikatetsunarimasu was 465,294 JPY/sq.m. The market value represents an increase of 135,732 JPY (+41.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 1 (-33.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 20.8 years old (a -7.4% decrease compared to the 22.4 years old of last year.). The average size of the real estate was 152.5 sq.m (a -55.1% decrease compared to the 340.0 sq.m of last year.). The average total floor space of the real estate was 135.0 sq.m (a -68.6% decrease compared to the 430.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.7 min in 2015 and 7.5 min in 2016; -40.8%)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2015 and 50.0% of total transactions in 2016)

Kitasanndou838,709 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Home of Kitasanndou was 838,709 JPY/sq.m. The market value represents a decrease of 395,333 JPY (-32.0%) 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 27.9 years old (a +1493.1% increase compared to the 1.8 years old of last year.). The average size of the real estate was 110.0 sq.m (a -26.7% decrease compared to the 150.0 sq.m of last year.). The average total floor space of the real estate was 310.0 sq.m (a -34.0% decrease compared to the 470.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 1.8 years old in 2015 and 27.9 years old in 2016; +1493.1%)
  • A dramatic increase in average distance from the station (representing 3.0 min in 2015 and 5.0 min in 2016; +66.7%)
  • A slight 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 2015 and 100.0% of total transactions in 2016)

Shibuya1,373,921 JPY/sq.m (-24% compared with the previous year)

The average price of a sq.m Home of Shibuya was 1,373,921 JPY/sq.m. The market value represents a decrease of 438,579 JPY (-24.2%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents an increase of 7 (+350.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.8 years old (a +77.6% increase compared to the 12.3 years old of last year.). The average size of the real estate was 125.0 sq.m (a -26.5% decrease compared to the 170.0 sq.m of last year.). The average total floor space of the real estate was 228.1 sq.m (a -66.5% decrease compared to the 680.0 sq.m of last year.).

Cause of price increases

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

Causes of price decreases

  • A dramatic increase in average age of the building (representing 12.3 years old in 2015 and 21.8 years old in 2016; +77.6%)
  • An increase in average distance from the station (representing 8.0 min in 2015 and 9.0 min in 2016; +12.5%)

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)