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, 2017 to Dec, 2017 was 808,927 JPY/sq.m. The market value represents an increase of 121,755 JPY (+17.7%) compared to 1 year ago and a transition to a bull market. 82 properties exchanged hands ( The market value represents a decrease of 74 (-47.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.8 years old (a +15.4% increase compared to the 21.5 years old of last year.). The average size of the real estate was 150.0 sq.m (a +9.6% increase compared to the 136.9 sq.m of last year.). The average total floor space of the real estate was 254.4 sq.m (a +16.5% increase compared to the 218.4 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station, as well as a dramatic increase in transactions involving relatively old buildings under 40 years old.

5 stations have experienced increased prices; 7 stations have experienced decreased prices. Market value of most stations decreased. Shibuya 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 +119.5% compared to last year; a sq.m unit now costs 1,139,987 JPY/sq.m.

The top 2 stations has seen prices increase +81.3% (+613,781 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -32.9% (-422,201 JPY/sq.m).

Cause of price increases

  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.5% of total transactions in 2016 and 7.3% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 21.5 years old in 2016 and 24.8 years old in 2017; +15.4%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 28.6% of total transactions in 2016 and 35.4% of total transactions in 2017)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 19.7% of total transactions in 2016 and 25.3% 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 2,015,956 JPY/sq.m. The market value represents an increase of 606,978 JPY (+43.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 3 (-23.1%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Sennkawa, the lowest market value along this railway was 433,975 JPY/sq.m. The market value represents a decrease of 62,799 JPY (-12.6%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents a decrease of 8 (-61.5%) 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)463,906 JPY (7.4Y/120.0sq.m)355,995 JPY (17.0Y/277.5sq.m)
Chikatetsuakatsuka462,106 JPY (20.9Y/91.4sq.m)506,020 JPY (21.6Y/135.4sq.m)416,553 JPY (22.7Y/121.8sq.m)
Heiwadai512,973 JPY (24.1Y/276.0sq.m)599,754 JPY (18.6Y/102.1sq.m)557,586 JPY (12.7Y/125.5sq.m)
Hikawadai605,652 JPY (3.8Y/120.0sq.m)537,364 JPY (17.7Y/258.9sq.m)546,777 JPY (13.1Y/139.4sq.m)
Kotake-Mukaihara535,533 JPY (22.7Y/139.1sq.m)507,466 JPY (18.9Y/106.2sq.m)554,319 JPY (10.6Y/105.6sq.m)
Sennkawa433,975 JPY (17.2Y/97.0sq.m)496,774 JPY (18.9Y/87.3sq.m)535,603 JPY (11.1Y/86.0sq.m)
Kanamechou1,139,987 JPY (25.3Y/120.6sq.m)519,402 JPY (22.9Y/130.0sq.m)387,545 JPY (25.4Y/166.8sq.m)
Ikebukuro716,782 JPY (35.7Y/112.7sq.m)1,474,403 JPY (30.0Y/148.6sq.m)593,097 JPY (32.9Y/275.0sq.m)
Zoushigaya682,425 JPY (36.7Y/133.8sq.m)698,874 JPY (3.2Y/75.0sq.m)503,530 JPY (24.6Y/145.0sq.m)
Nishiwaseda-557,576 JPY (28.0Y/76.2sq.m)506,250 JPY (29.3Y/57.5sq.m)
Higashishinnjuku657,486 JPY (36.6Y/167.5sq.m)754,274 JPY (25.2Y/155.6sq.m)565,388 JPY (28.9Y/124.0sq.m)
Shinnjukusannchoume682,926 JPY (12.0Y/150.0sq.m)595,206 JPY (33.3Y/111.7sq.m)1,037,000 JPY (28.4Y/157.5sq.m)
Kitasanndou-838,709 JPY (27.9Y/110.0sq.m)1,054,204 JPY (5.1Y/365.0sq.m)
Shibuya2,015,956 JPY (25.1Y/195.5sq.m)1,408,978 JPY (25.0Y/147.3sq.m)2,062,868 JPY (14.9Y/156.7sq.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

Kanamechou1,139,987 JPY/sq.m (+119% compared with the previous year)

The average price of a sq.m Home of Kanamechou was 1,139,987 JPY/sq.m. The market value represents an increase of 620,585 JPY (+119.5%) compared to 1 year ago and a transition to a dramatic market. 9 properties exchanged hands ( The market value represents a decrease of 9 (-50.0%) 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 +10.6% increase compared to the 22.9 years old of last year.). The average size of the real estate was 120.6 sq.m (a -7.3% decrease compared to the 130.0 sq.m of last year.). The average total floor space of the real estate was 133.8 sq.m (a -33.1% decrease compared to the 200.0 sq.m of last year.).

Cause of price increases

  • A slight decrease in transactions involving older buildings over 40 years old (representing 25.0% of total transactions in 2016 and 25.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 22.9 years old in 2016 and 25.3 years old in 2017; +10.6%)
  • A dramatic increase in average distance from the station (representing 5.4 min in 2016 and 7.2 min in 2017; +32.7%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 50.0% 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 50.0% of total transactions in 2016 and 11.1% of total transactions in 2017)

Shibuya2,015,956 JPY/sq.m (+43% compared with the previous year)

The average price of a sq.m Home of Shibuya was 2,015,956 JPY/sq.m. The market value represents an increase of 606,978 JPY (+43.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 3 (-23.1%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 25.1 years old (a +0.1% increase compared to the 25.0 years old of last year.). The average size of the real estate was 195.5 sq.m (a +32.7% increase compared to the 147.3 sq.m of last year.). The average total floor space of the real estate was 353.0 sq.m (a -9.1% decrease compared to the 388.3 sq.m of last year.).

Cause of price increases

  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 7.7% of total transactions in 2016 and 10.0% of total transactions in 2017)
  • An decrease in transactions involving relatively old buildings under 40 years old (representing 23.1% of total transactions in 2016 and 20.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 23.1% of total transactions in 2016 and 30.0% 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 23.1% of total transactions in 2016 and 10.0% of total transactions in 2017)

Ikebukuro716,782 JPY/sq.m (-51% compared with the previous year)

The average price of a sq.m Home of Ikebukuro was 716,782 JPY/sq.m. The market value represents a decrease of 757,621 JPY (-51.4%) compared to 1 year ago and a transition to a dramatic market. 11 properties exchanged hands ( The market value represents a decrease of 3 (-21.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.7 years old (a +19.0% increase compared to the 30.0 years old of last year.). The average size of the real estate was 112.7 sq.m (a -24.1% decrease compared to the 148.6 sq.m of last year.). The average total floor space of the real estate was 438.5 sq.m (a +4.2% increase compared to the 420.8 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 8.6 min in 2016 and 7.0 min in 2017; -18.3%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 7.1% of total transactions in 2016 and 27.3% of total transactions in 2017)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 41.7% of total transactions in 2016 and 30.0% of total transactions in 2017)

Causes of price decreases

  • An increase in average age of the building (representing 30.0 years old in 2016 and 35.7 years old in 2017; +19.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 25.0% of total transactions in 2016 and 60.0% 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 14.3% of total transactions in 2016 and 9.1% of total transactions in 2017)

Heiwadai512,973 JPY/sq.m (-14% compared with the previous year)

The average price of a sq.m Home of Heiwadai was 512,973 JPY/sq.m. The market value represents a decrease of 86,781 JPY (-14.5%) compared to 1 year ago and a transition to a weak market. 10 properties exchanged hands ( The market value represents a decrease of 11 (-52.4%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 24.1 years old (a +29.7% increase compared to the 18.6 years old of last year.). The average size of the real estate was 276.0 sq.m (a +170.2% increase compared to the 102.1 sq.m of last year.). The average total floor space of the real estate was 285.5 sq.m (a +173.8% increase compared to the 104.3 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 33.3% of total transactions in 2016 and 10.0% of total transactions in 2017)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 18.6 years old in 2016 and 24.1 years old in 2017; +29.7%)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 14.3% of total transactions in 2016 and 40.0% of total transactions in 2017)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 47.6% 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)