Tokyo Metro Fukutoshin Line Tokyo 2017-3Q
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 Jul, 2017 to Sep, 2017 was 915,406 JPY/sq.m. The market value represents an increase of 46,505 JPY (+5.4%) compared to 1 year ago and a transition to a strong market. 26 properties exchanged hands ( The market value represents a decrease of 9 (-25.7%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 26.6 years old (a +4.1% increase compared to the 25.6 years old of last year.). The average size of the real estate was 107.5 sq.m (a -15.0% decrease compared to the 126.4 sq.m of last year.). The average total floor space of the real estate was 159.8 sq.m (a -42.4% decrease compared to the 277.5 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively old buildings under 40 years old, as well as a dramatic decrease in transactions involving relatively large size more than 100 sq.m.

5 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Kotake-Mukaihara station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Kanamechou station, where prices have increased +190.5% compared to last year; a sq.m unit now costs 1,715,795 JPY/sq.m.

The top 2 stations has seen prices increase +111.8% (+622,622 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -63.6% (-897,385 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 29.4% of total transactions in 2016 and 23.1% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 26.5% of total transactions in 2016 and 53.8% of total transactions in 2017)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 34.3% of total transactions in 2016 and 26.9% of total transactions in 2017)

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 2,355,172 JPY/sq.m. The market value represents an increase of 246,082 JPY (+11.7%) compared to 1 year ago and a transition to a bull market. 3 properties exchanged hands ( The market value represents an increase of 1 (+50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Heiwadai, the lowest market value along this railway was 375,250 JPY/sq.m. The market value represents a decrease of 496,645 JPY (-57.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease 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(2017)1 year ago2 years ago
Chikatetsunarimasu446,153 JPY (22.5Y/65.0sq.m)650,000 JPY (0.5Y/100.0sq.m)435,294 JPY (0.5Y/90.0sq.m)
Chikatetsuakatsuka-597,255 JPY (23.9Y/120.0sq.m)482,535 JPY (12.3Y/78.3sq.m)
Heiwadai375,250 JPY (22.5Y/92.5sq.m)871,895 JPY (35.3Y/101.2sq.m)382,831 JPY (31.3Y/255.0sq.m)
Hikawadai800,000 JPY (1.5Y/40.0sq.m)683,430 JPY (12.8Y/151.2sq.m)513,333 JPY (17.0Y/110.0sq.m)
Kotake-Mukaihara483,397 JPY (22.7Y/176.0sq.m)363,248 JPY (30.0Y/107.5sq.m)533,333 JPY (0.5Y/45.0sq.m)
Sennkawa385,770 JPY (21.5Y/93.3sq.m)414,285 JPY (16.5Y/40.0sq.m)484,704 JPY (17.5Y/99.2sq.m)
Kanamechou1,715,795 JPY (29.0Y/118.8sq.m)590,700 JPY (21.9Y/127.0sq.m)373,507 JPY (25.3Y/143.3sq.m)
Ikebukuro552,164 JPY (39.2Y/73.3sq.m)1,850,289 JPY (28.5Y/168.0sq.m)-
Zoushigaya663,524 JPY (38.9Y/116.7sq.m)--
Nishiwaseda-642,857 JPY (18.5Y/45.0sq.m)512,500 JPY (40.5Y/65.0sq.m)
Higashishinnjuku653,846 JPY (25.5Y/55.0sq.m)649,341 JPY (25.9Y/110.0sq.m)737,916 JPY (19.6Y/258.3sq.m)
Shinnjukusannchoume-348,837 JPY (49.5Y/130.0sq.m)-
Kitasanndou--1,000,000 JPY (11.5Y/520.0sq.m)
Shibuya2,355,172 JPY (23.2Y/81.7sq.m)2,109,090 JPY (33.0Y/195.0sq.m)1,062,500 JPY (7.5Y/340.0sq.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

Kanamechou1,715,795 JPY/sq.m (+190% compared with the previous year)

The average price of a sq.m Home of Kanamechou was 1,715,795 JPY/sq.m. The market value represents an increase of 1,125,095 JPY (+190.5%) 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 29.0 years old (a +32.4% increase compared to the 21.9 years old of last year.). The average size of the real estate was 118.8 sq.m (a -6.5% decrease compared to the 127.0 sq.m of last year.). The average total floor space of the real estate was 97.5 sq.m (a -55.4% decrease compared to the 218.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 7.0 min in 2016 and 6.0 min in 2017; -14.3%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 20.0% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 21.9 years old in 2016 and 29.0 years old in 2017; +32.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 40.0% of total transactions in 2016 and 75.0% of total transactions in 2017)

Kotake-Mukaihara483,397 JPY/sq.m (+33% compared with the previous year)

The average price of a sq.m Home of Kotake-Mukaihara was 483,397 JPY/sq.m. The market value represents an increase of 120,150 JPY (+33.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.7 years old (a -24.3% decrease compared to the 30.0 years old of last year.). The average size of the real estate was 176.0 sq.m (a +63.7% increase compared to the 107.5 sq.m of last year.). The average total floor space of the real estate was 287.0 sq.m (a +160.9% increase compared to the 110.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 30.0 years old in 2016 and 22.7 years old in 2017; -24.3%)
  • A dramatic decrease in average distance from the station (representing 10.0 min in 2016 and 4.8 min in 2017; -52.0%)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 50.0% of total transactions in 2016 and 20.0% of total transactions in 2017)

Ikebukuro552,164 JPY/sq.m (-70% compared with the previous year)

The average price of a sq.m Home of Ikebukuro was 552,164 JPY/sq.m. The market value represents a decrease of 1,298,125 JPY (-70.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents a decrease of 2 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 39.2 years old (a +37.4% increase compared to the 28.5 years old of last year.). The average size of the real estate was 73.3 sq.m (a -56.3% decrease compared to the 168.0 sq.m of last year.). The average total floor space of the real estate was 180.0 sq.m (a -72.3% decrease compared to the 650.0 sq.m of last year.).

Cause of price increases

  • An decrease in transactions involving older buildings over 40 years old (representing 40.0% of total transactions in 2016 and 33.3% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 28.5 years old in 2016 and 39.2 years old in 2017; +37.4%)
  • A dramatic increase in average distance from the station (representing 6.6 min in 2016 and 11.0 min in 2017; +66.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2016 and 66.7% of total transactions in 2017)

Heiwadai375,250 JPY/sq.m (-57% compared with the previous year)

The average price of a sq.m Home of Heiwadai was 375,250 JPY/sq.m. The market value represents a decrease of 496,645 JPY (-57.0%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents a decrease of 2 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 22.5 years old (a -36.2% decrease compared to the 35.3 years old of last year.). The average size of the real estate was 92.5 sq.m (a -8.6% decrease compared to the 101.2 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a +28.6% increase compared to the 70.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 35.3 years old in 2016 and 22.5 years old in 2017; -36.2%)
  • A dramatic decrease in average distance from the station (representing 14.5 min in 2016 and 11.0 min in 2017; -24.1%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 25.0% of total transactions in 2016 and 50.0% of total transactions in 2017)

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)