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, 2017 to Dec, 2017 was 773,682 JPY/sq.m. The market value represents an increase of 42,343 JPY (+5.8%) compared to 1 year ago and a transition to a strong market. 33 properties exchanged hands ( The market value represents a decrease of 10 (-23.3%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 23.4 years old (a +13.5% increase compared to the 20.6 years old of last year.). The average size of the real estate was 146.2 sq.m (a +16.9% increase compared to the 125.1 sq.m of last year.). The average total floor space of the real estate was 323.8 sq.m (a +82.7% increase compared to the 177.2 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving nearly new buildings under 3 years old, as well as a dramatic increase in transactions involving middle size for a DINKS or an old age households less than 60 sq.m.

4 stations have experienced increased prices; 5 stations have experienced decreased prices. Market value of most stations decreased. Kanamechou, Ikebukuro, Shibuya 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 +80.4% compared to last year; a sq.m unit now costs 931,850 JPY/sq.m.

The top 2 stations has seen prices increase +57.5% (+303,822 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -22.4% (-128,598 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 17.9% of total transactions in 2016 and 34.4% of total transactions in 2017)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.0% of total transactions in 2016 and 12.1% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 20.6 years old in 2016 and 23.4 years old in 2017; +13.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 17.9% of total transactions in 2016 and 28.1% of total transactions in 2017)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.0% of total transactions in 2016 and 12.1% 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 1,736,894 JPY/sq.m. The market value represents an increase of 362,972 JPY (+26.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 5 (-55.6%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Chikatetsuakatsuka, the lowest market value along this railway was 427,890 JPY/sq.m. The market value represents a decrease of 96,301 JPY (-18.4%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

Tokyo Metro Fukutoshin Line (Stations Home market overview)
Tokyo Metro Fukutoshin LineThis year(2017)1 year ago2 years ago
Chikatetsunarimasu-465,294 JPY (20.8Y/152.5sq.m)329,562 JPY (22.4Y/340.0sq.m)
Chikatetsuakatsuka427,890 JPY (24.4Y/93.0sq.m)524,190 JPY (25.3Y/121.7sq.m)144,444 JPY (44.8Y/125.0sq.m)
Heiwadai448,148 JPY (33.1Y/100.0sq.m)609,044 JPY (14.4Y/114.0sq.m)566,666 JPY (14.3Y/57.5sq.m)
Hikawadai609,795 JPY (0.8Y/84.0sq.m)586,900 JPY (6.1Y/90.0sq.m)-
Kotake-Mukaihara640,929 JPY (19.8Y/110.0sq.m)654,074 JPY (20.4Y/180.0sq.m)633,333 JPY (53.8Y/155.0sq.m)
Sennkawa506,283 JPY (10.8Y/102.5sq.m)607,656 JPY (0.8Y/117.5sq.m)766,666 JPY (0.8Y/60.0sq.m)
Kanamechou746,666 JPY (0.8Y/50.0sq.m)554,250 JPY (23.1Y/140.0sq.m)419,333 JPY (25.0Y/55.0sq.m)
Ikebukuro931,850 JPY (35.1Y/155.8sq.m)516,621 JPY (23.8Y/82.5sq.m)-
Zoushigaya--569,230 JPY (30.8Y/40.0sq.m)
Nishiwaseda---
Higashishinnjuku745,192 JPY (38.4Y/197.5sq.m)747,368 JPY (16.8Y/150.0sq.m)564,104 JPY (27.0Y/81.2sq.m)
Shinnjukusannchoume--1,650,000 JPY (34.3Y/175.0sq.m)
Kitasanndou-838,709 JPY (27.9Y/110.0sq.m)1,234,042 JPY (1.8Y/150.0sq.m)
Shibuya1,736,894 JPY (29.0Y/376.2sq.m)1,373,921 JPY (21.8Y/125.0sq.m)1,812,500 JPY (12.3Y/170.0sq.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

Ikebukuro931,850 JPY/sq.m (+80% compared with the previous year)

The average price of a sq.m Home of Ikebukuro was 931,850 JPY/sq.m. The market value represents an increase of 415,229 JPY (+80.4%) 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.).

The average age of the real estate was 35.1 years old (a +47.8% increase compared to the 23.8 years old of last year.). The average size of the real estate was 155.8 sq.m (a +88.9% increase compared to the 82.5 sq.m of last year.). The average total floor space of the real estate was 612.5 sq.m (a +107.6% increase compared to the 295.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 9.0 min in 2016 and 4.3 min in 2017; -51.9%)
  • 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 2016 and 50.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 23.8 years old in 2016 and 35.1 years old in 2017; +47.8%)

Kanamechou746,666 JPY/sq.m (+35% compared with the previous year)

The average price of a sq.m Home of Kanamechou was 746,666 JPY/sq.m. The market value represents an increase of 192,416 JPY (+34.7%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 3 (-75.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 0.8 years old (a -96.7% decrease compared to the 23.1 years old of last year.). The average size of the real estate was 50.0 sq.m (a -64.3% decrease compared to the 140.0 sq.m of last year.). The average total floor space of the real estate was 75.0 sq.m (a -56.5% decrease compared to the 172.5 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.1 years old in 2016 and 0.8 years old in 2017; -96.7%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2016 and 100.0% of total transactions in 2017)

Heiwadai448,148 JPY/sq.m (-26% compared with the previous year)

The average price of a sq.m Home of Heiwadai was 448,148 JPY/sq.m. The market value represents a decrease of 160,896 JPY (-26.4%) 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 33.1 years old (a +130.5% increase compared to the 14.4 years old of last year.). The average size of the real estate was 100.0 sq.m (a -12.3% decrease compared to the 114.0 sq.m of last year.). The average total floor space of the real estate was 115.0 sq.m (a -12.9% decrease compared to the 132.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 14.4 years old in 2016 and 33.1 years old in 2017; +130.5%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 60.0% of total transactions in 2016 and 33.3% of total transactions in 2017)

Chikatetsuakatsuka427,890 JPY/sq.m (-18% compared with the previous year)

The average price of a sq.m Home of Chikatetsuakatsuka was 427,890 JPY/sq.m. The market value represents a decrease of 96,301 JPY (-18.4%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 1 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average age of the real estate was 24.4 years old (a -3.6% decrease compared to the 25.3 years old of last year.). The average size of the real estate was 93.0 sq.m (a -23.6% decrease compared to the 121.7 sq.m of last year.). The average total floor space of the real estate was 107.0 sq.m (a -26.6% decrease compared to the 145.8 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 33.3% of total transactions in 2016 and 40.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.2 min in 2016 and 11.0 min in 2017; +53.5%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 33.3% of total transactions in 2016 and 40.0% 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)