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, 2016 to Dec, 2016 was 687,172 JPY/sq.m. The market value represents an increase of 68,337 JPY (+11.0%) compared to 1 year ago and a transition to a bull market. 156 properties exchanged hands ( The market value represents an increase of 9 (+6.1%) compared to 1 year ago and a transition to a strong market.).

The average age of the real estate was 21.5 years old (a +15.0% increase compared to the 18.7 years old of last year.). The average size of the real estate was 136.9 sq.m (a -8.0% decrease compared to the 148.7 sq.m of last year.). The average total floor space of the real estate was 218.4 sq.m (a -23.3% decrease compared to the 284.8 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 relatively large size more than 100 sq.m.

8 stations have experienced increased prices; 6 stations have experienced decreased prices. The overall trend was the same as last year. Chikatetsunarimasu, Chikatetsuakatsuka, Kanamechou, Zoushigaya, Higashishinnjuku station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Ikebukuro station, where prices have increased +148.6% compared to last year; a sq.m unit now costs 1,474,403 JPY/sq.m.

The top 2 stations has seen prices increase +93.7% (+538,325 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -37.2% (-547,842 JPY/sq.m).

Cause of price increases

  • An decrease in transactions involving relatively old buildings under 40 years old (representing 32.1% of total transactions in 2015 and 28.6% of total transactions in 2016)
  • A some increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 21.9% of total transactions in 2015 and 23.7% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 18.7 years old in 2015 and 21.5 years old in 2016; +15.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.6% of total transactions in 2015 and 19.7% of total transactions in 2016)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 34.3% of total transactions in 2015 and 27.9% 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 1,474,403 JPY/sq.m. The market value represents an increase of 881,306 JPY (+148.6%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 4 (+40.0%) 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 463,906 JPY/sq.m. The market value represents an increase of 107,911 JPY (+30.3%) compared to 1 year ago and a transition to a dramatic market. 6 properties exchanged hands ( The market value represents an increase of 2 (+50.0%) 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(2016)1 year ago2 years ago
Chikatetsunarimasu463,906 JPY (7.4Y/120.0sq.m)355,995 JPY (17.0Y/277.5sq.m)448,682 JPY (13.7Y/98.0sq.m)
Chikatetsuakatsuka506,020 JPY (21.6Y/135.4sq.m)416,553 JPY (22.7Y/121.8sq.m)489,019 JPY (10.0Y/80.0sq.m)
Heiwadai599,754 JPY (18.6Y/102.1sq.m)557,586 JPY (12.7Y/125.5sq.m)483,794 JPY (17.7Y/94.1sq.m)
Hikawadai537,364 JPY (17.7Y/258.9sq.m)546,777 JPY (13.1Y/139.4sq.m)478,580 JPY (23.7Y/140.0sq.m)
Kotake-Mukaihara507,466 JPY (18.9Y/106.2sq.m)554,319 JPY (10.6Y/105.6sq.m)462,100 JPY (9.6Y/157.5sq.m)
Sennkawa496,774 JPY (18.9Y/87.3sq.m)535,603 JPY (11.1Y/86.0sq.m)544,309 JPY (8.7Y/106.9sq.m)
Kanamechou519,402 JPY (22.9Y/130.0sq.m)387,545 JPY (25.4Y/166.8sq.m)535,020 JPY (23.7Y/213.6sq.m)
Ikebukuro1,474,403 JPY (30.0Y/148.6sq.m)593,097 JPY (32.9Y/275.0sq.m)518,853 JPY (29.0Y/121.8sq.m)
Zoushigaya698,874 JPY (3.2Y/75.0sq.m)503,530 JPY (24.6Y/145.0sq.m)515,025 JPY (13.5Y/166.2sq.m)
Nishiwaseda557,576 JPY (28.0Y/76.2sq.m)506,250 JPY (29.3Y/57.5sq.m)604,703 JPY (16.9Y/140.0sq.m)
Higashishinnjuku754,274 JPY (25.2Y/155.6sq.m)565,388 JPY (28.9Y/124.0sq.m)695,816 JPY (37.9Y/92.1sq.m)
Shinnjukusannchoume595,206 JPY (33.3Y/111.7sq.m)1,037,000 JPY (28.4Y/157.5sq.m)384,659 JPY (33.3Y/150.0sq.m)
Kitasanndou838,709 JPY (27.9Y/110.0sq.m)1,054,204 JPY (5.1Y/365.0sq.m)799,184 JPY (3.0Y/125.0sq.m)
Shibuya1,408,978 JPY (25.0Y/147.3sq.m)2,062,868 JPY (14.9Y/156.7sq.m)1,037,874 JPY (32.7Y/211.2sq.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

Ikebukuro1,474,403 JPY/sq.m (+149% compared with the previous year)

The average price of a sq.m Home of Ikebukuro was 1,474,403 JPY/sq.m. The market value represents an increase of 881,306 JPY (+148.6%) compared to 1 year ago and a transition to a dramatic market. 14 properties exchanged hands ( The market value represents an increase of 4 (+40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 30.0 years old (a -8.7% decrease compared to the 32.9 years old of last year.). The average size of the real estate was 148.6 sq.m (a -46.0% decrease compared to the 275.0 sq.m of last year.). The average total floor space of the real estate was 420.8 sq.m (a -39.9% decrease compared to the 700.0 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2015 and 41.7% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.1 min in 2015 and 8.6 min in 2016; +20.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 12.5% of total transactions in 2015 and 25.0% 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 30.0% of total transactions in 2015 and 14.3% of total transactions in 2016)

Zoushigaya698,874 JPY/sq.m (+39% compared with the previous year)

The average price of a sq.m Home of Zoushigaya was 698,874 JPY/sq.m. The market value represents an increase of 195,344 JPY (+38.8%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 4 (-57.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 3.2 years old (a -87.1% decrease compared to the 24.6 years old of last year.). The average size of the real estate was 75.0 sq.m (a -48.3% decrease compared to the 145.0 sq.m of last year.). The average total floor space of the real estate was 100.0 sq.m (a -68.1% decrease compared to the 313.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.6 years old in 2015 and 3.2 years old in 2016; -87.1%)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.1 min in 2015 and 7.7 min in 2016; +85.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 42.9% of total transactions in 2015 and 33.3% of total transactions in 2016)

Shinnjukusannchoume595,206 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Home of Shinnjukusannchoume was 595,206 JPY/sq.m. The market value represents a decrease of 441,794 JPY (-42.6%) 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 33.3 years old (a +17.2% increase compared to the 28.4 years old of last year.). The average size of the real estate was 111.7 sq.m (a -29.1% decrease compared to the 157.5 sq.m of last year.). The average total floor space of the real estate was 340.0 sq.m (a -69.9% decrease compared to the 1131.2 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 33.3% of total transactions in 2015 and 100.0% of total transactions in 2016)

Causes of price decreases

  • An increase in average age of the building (representing 28.4 years old in 2015 and 33.3 years old in 2016; +17.2%)
  • A dramatic increase in average distance from the station (representing 2.0 min in 2015 and 5.0 min in 2016; +150.0%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2015 and 66.7% of total transactions in 2016)

Shibuya1,408,978 JPY/sq.m (-32% compared with the previous year)

The average price of a sq.m Home of Shibuya was 1,408,978 JPY/sq.m. The market value represents a decrease of 653,890 JPY (-31.7%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands ( The market value represents an increase of 4 (+44.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.0 years old (a +67.6% increase compared to the 14.9 years old of last year.). The average size of the real estate was 147.3 sq.m (a -6.0% decrease compared to the 156.7 sq.m of last year.). The average total floor space of the real estate was 388.3 sq.m (a -42.4% decrease compared to the 674.4 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 11.1% of total transactions in 2015 and 23.1% of total transactions in 2016)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2015 and 23.1% of total transactions in 2016)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.9 years old in 2015 and 25.0 years old in 2016; +67.6%)

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)