Tokyo Metro Marunouchi Line railway market report

Tokyo Metro Marunouchi Line Home market overview

The average price of a sq.m Home of Tokyo Metro Marunouchi Line (Ikebukuro to Ogikubo), in Jan, 2014 to Mar, 2014 was 485,175 JPY/sq.m. The market value represents a decrease of 292,161 JPY (-37.6%) compared to 1 year ago and a transition to a dramatic market. 47 properties exchanged hands ( The market value represents a decrease of 24 (-33.8%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 21.9 years old (a -4.9% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 158.4 sq.m (a -31.6% decrease compared to the 231.7 sq.m of last year.). The average total floor space of the real estate was 381.5 sq.m (a +4.8% increase compared to the 364.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations less than ten minutes by foot from the station, as well as a dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station.

4 stations have experienced increased prices; 8 stations have experienced decreased prices. Market value of most stations decreased. Myougadani, Yotsuya, Minamiasagaya station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Minamiasagaya station, where prices have increased +27.5% compared to last year; a sq.m unit now costs 598,796 JPY/sq.m.

The top 2 stations has seen prices increase +24.3% (+118,703 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -69.4% (-884,476 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 8.3 min in 2013 and 6.8 min in 2014; -17.9%)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 8.8% of total transactions in 2013 and 17.0% of total transactions in 2014)
  • A dramatic decrease in transactions involving older buildings over 40 years old (representing 22.9% of total transactions in 2013 and 17.4% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 34.3% of total transactions in 2013 and 43.5% of total transactions in 2014)
  • An decrease in transactions involving nearly new buildings under 3 years old (representing 24.3% of total transactions in 2013 and 21.7% of total transactions in 2014)

Breakdown of each segment

The table below shows Home dealt in Tokyo Metro Marunouchi 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 Yotsuya, the highest market value along this railway was 678,868 JPY/sq.m. The market value represents an increase of 116,368 JPY (+20.7%) compared to 1 year ago and a transition to a dramatic 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 Akasakamitsuke, the lowest market value along this railway was 277,777 JPY/sq.m. The market value represents a decrease of 293,651 JPY (-51.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 1 (-50.0%) compared to 1 year ago and a transition to a dramatic market.).

Tokyo Metro Marunouchi Line (Stations Home market overview)
Tokyo Metro Marunouchi LineThis year(2014)1 year ago2 years ago
Ikebukuro666,058 JPY (20.4Y/135.0sq.m)577,713 JPY (35.0Y/74.0sq.m)485,822 JPY (34.0Y/146.2sq.m)
Shinnootsuka449,206 JPY (16.0Y/122.5sq.m)653,007 JPY (30.5Y/97.5sq.m)400,000 JPY (1.0Y/190.0sq.m)
Myougadani621,428 JPY (17.0Y/226.7sq.m)513,333 JPY (23.0Y/270.0sq.m)258,514 JPY (32.5Y/80.0sq.m)
Kourakuenn-609,090 JPY (7.0Y/65.0sq.m)-
Honngousannchoume315,384 JPY (32.0Y/117.5sq.m)--
Ochanomizu435,714 JPY (31.6Y/182.5sq.m)--
Awajichou-552,304 JPY (36.0Y/122.5sq.m)-
Ootemachi---
Tokyo---
Ginnza---
Akasakamitsuke277,777 JPY (40.0Y/580.0sq.m)571,428 JPY (31.6Y/247.5sq.m)768,100 JPY (20.3Y/100.0sq.m)
Yotsuya678,868 JPY (7.7Y/138.3sq.m)562,500 JPY (25.1Y/420.0sq.m)343,784 JPY (42.5Y/65.0sq.m)
Yotsuyasannchoume437,074 JPY (21.8Y/118.8sq.m)449,790 JPY (27.1Y/210.0sq.m)518,039 JPY (30.3Y/114.0sq.m)
Shinnjukugyoennmae-200,000 JPY (48.0Y/370.0sq.m)1,366,666 JPY (0.0Y/65.0sq.m)
Shinnjukusannchoume281,042 JPY (35.0Y/210.0sq.m)-720,123 JPY (18.7Y/68.3sq.m)
Shinnjuku318,181 JPY (35.5Y/292.5sq.m)1,187,500 JPY (38.0Y/65.0sq.m)923,076 JPY (25.0Y/120.0sq.m)
Nishishinnjuku-296,825 JPY (33.0Y/120.0sq.m)584,615 JPY (19.0Y/65.0sq.m)
Nakanosakaue-529,538 JPY (25.0Y/511.7sq.m)632,689 JPY (4.7Y/106.7sq.m)
Shinnnakano426,278 JPY (29.5Y/252.5sq.m)509,523 JPY (15.0Y/92.5sq.m)641,155 JPY (7.9Y/85.8sq.m)
Higashikouennji375,381 JPY (33.5Y/76.7sq.m)463,623 JPY (22.0Y/60.0sq.m)505,073 JPY (19.3Y/90.0sq.m)
Shinnkouennji530,098 JPY (9.5Y/82.5sq.m)624,186 JPY (6.8Y/113.9sq.m)552,226 JPY (10.8Y/136.7sq.m)
Minamiasagaya598,796 JPY (12.2Y/96.0sq.m)469,486 JPY (24.6Y/305.0sq.m)636,040 JPY (19.6Y/134.0sq.m)
Ogikubo471,813 JPY (22.7Y/141.4sq.m)1,371,447 JPY (21.1Y/381.8sq.m)520,061 JPY (14.4Y/117.5sq.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

Minamiasagaya598,796 JPY/sq.m (+28% compared with the previous year)

The average price of a sq.m Home of Minamiasagaya was 598,796 JPY/sq.m. The market value represents an increase of 129,310 JPY (+27.5%) compared to 1 year ago and a transition to a dramatic 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 12.2 years old (a -50.4% decrease compared to the 24.6 years old of last year.). The average size of the real estate was 96.0 sq.m (a -68.5% decrease compared to the 305.0 sq.m of last year.). The average total floor space of the real estate was 98.0 sq.m (a -79.6% decrease compared to the 480.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 24.6 years old in 2013 and 12.2 years old in 2014; -50.4%)
  • A dramatic increase in transactions involving nearly new buildings under 3 years old (representing 40.0% of total transactions in 2013 and 60.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.2 min in 2013 and 13.2 min in 2014; +61.0%)
  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 20.0% of total transactions in 2013 and 40.0% of total transactions in 2014)

Myougadani621,428 JPY/sq.m (+21% compared with the previous year)

The average price of a sq.m Home of Myougadani was 621,428 JPY/sq.m. The market value represents an increase of 108,096 JPY (+21.1%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands ( The market value represents an increase of 2 (+200.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 17.0 years old (a -26.1% decrease compared to the 23.0 years old of last year.). The average size of the real estate was 226.7 sq.m (a -16.0% decrease compared to the 270.0 sq.m of last year.). The average total floor space of the real estate was 721.7 sq.m (a +381.1% increase compared to the 150.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average age of the building (representing 23.0 years old in 2013 and 17.0 years old in 2014; -26.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2013 and 33.3% of total transactions in 2014)

Shinnjuku318,181 JPY/sq.m (-73% compared with the previous year)

The average price of a sq.m Home of Shinnjuku was 318,181 JPY/sq.m. The market value represents a decrease of 869,319 JPY (-73.2%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average age of the real estate was 35.5 years old (a -6.6% decrease compared to the 38.0 years old of last year.). The average size of the real estate was 292.5 sq.m (a +350.0% increase compared to the 65.0 sq.m of last year.). The average total floor space of the real estate was 1220.0 sq.m (a +281.2% increase compared to the 320.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 100.0% of total transactions in 2013 and 50.0% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 5.0 min in 2013 and 6.5 min in 2014; +30.0%)
  • A dramatic 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 2013 and 50.0% of total transactions in 2014)

Ogikubo471,813 JPY/sq.m (-66% compared with the previous year)

The average price of a sq.m Home of Ogikubo was 471,813 JPY/sq.m. The market value represents a decrease of 899,634 JPY (-65.6%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents a decrease of 12 (-63.2%) 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 +7.6% increase compared to the 21.1 years old of last year.). The average size of the real estate was 141.4 sq.m (a -63.0% decrease compared to the 381.8 sq.m of last year.). The average total floor space of the real estate was 187.9 sq.m (a -22.9% decrease compared to the 243.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.7 min in 2013 and 7.0 min in 2014; -40.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 5.3% of total transactions in 2013 and 28.6% of total transactions in 2014)
  • A dramatic increase in transactions involving locations near to the station less than three minutes by foot from the station (representing 5.3% of total transactions in 2013 and 14.3% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in transactions involving relatively old buildings under 40 years old (representing 21.1% of total transactions in 2013 and 28.6% of total transactions in 2014)
  • A dramatic increase in transactions involving older buildings over 40 years old (representing 21.1% of total transactions in 2013 and 28.6% of total transactions in 2014)

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)