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 Apr, 2014 to Jun, 2014 was 723,243 JPY/sq.m. The market value represents an increase of 78,354 JPY (+12.2%) compared to 1 year ago and a transition to a bull market. 38 properties exchanged hands ( The market value represents a decrease of 42 (-52.5%) 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 +25.1% increase compared to the 17.5 years old of last year.). The average size of the real estate was 122.8 sq.m (a -16.2% decrease compared to the 146.4 sq.m of last year.). The average total floor space of the real estate was 168.6 sq.m (a -35.3% decrease compared to the 260.6 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 locations relatively far from the station less than twenty minutes by foot from the station.

6 stations have experienced increased prices; 4 stations have experienced decreased prices. Market value of most stations decreased. Yotsuya, Nakanosakaue, Shinnkouennji station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Honngousannchoume station, where prices have increased +391.3% compared to last year; a sq.m unit now costs 2,875,000 JPY/sq.m.

The top 2 stations has seen prices increase +310.0% (+1,716,748 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -45.7% (-368,701 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 6.2% of total transactions in 2013 and 13.2% of total transactions in 2014)
  • A dramatic increase in transactions involving recently constructed buildings under 6 years old (representing 2.6% of total transactions in 2013 and 5.9% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 17.5 years old in 2013 and 21.9 years old in 2014; +25.1%)
  • A dramatic decrease in transactions involving nearly new buildings under 3 years old (representing 38.5% of total transactions in 2013 and 26.5% of total transactions in 2014)
  • An increase in transactions involving relatively old buildings under 40 years old (representing 32.1% of total transactions in 2013 and 38.2% 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

Top

Home stations market overview

The average price of a sq.m Home of Honngousannchoume, the highest market value along this railway was 2,875,000 JPY/sq.m. The market value represents an increase of 2,289,821 JPY (+391.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Home of Shinnootsuka, the lowest market value along this railway was 285,184 JPY/sq.m. The market value represents a decrease of 511,702 JPY (-64.2%) 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 Marunouchi Line (Stations Home market overview)
Tokyo Metro Marunouchi LineThis year(2014)1 year ago2 years ago
Ikebukuro567,481 JPY (27.3Y/55.0sq.m)576,918 JPY (23.0Y/213.3sq.m)364,285 JPY (24.3Y/85.0sq.m)
Shinnootsuka285,184 JPY (39.3Y/77.5sq.m)796,886 JPY (19.3Y/350.0sq.m)690,694 JPY (37.8Y/72.5sq.m)
Myougadani-375,000 JPY (30.3Y/220.0sq.m)555,182 JPY (18.3Y/151.7sq.m)
Kourakuenn--500,000 JPY (37.3Y/155.0sq.m)
Honngousannchoume2,875,000 JPY (0.0Y/290.0sq.m)585,179 JPY (21.3Y/82.0sq.m)610,526 JPY (0.3Y/70.0sq.m)
Ochanomizu---
Awajichou523,809 JPY (24.3Y/165.0sq.m)--
Ootemachi---
Tokyo---
Ginnza-2,484,997 JPY (31.3Y/133.3sq.m)-
Akasakamitsuke---
Yotsuya742,857 JPY (0.3Y/115.0sq.m)390,476 JPY (39.8Y/227.5sq.m)747,368 JPY (31.3Y/80.0sq.m)
Yotsuyasannchoume-653,877 JPY (29.5Y/106.0sq.m)878,590 JPY (24.8Y/59.3sq.m)
Shinnjukugyoennmae-620,689 JPY (48.3Y/230.0sq.m)-
Shinnjukusannchoume581,818 JPY (36.3Y/110.0sq.m)-419,354 JPY (27.3Y/175.0sq.m)
Shinnjuku-372,573 JPY (36.4Y/182.5sq.m)348,235 JPY (25.8Y/295.0sq.m)
Nishishinnjuku-461,538 JPY (0.0Y/50.0sq.m)-
Nakanosakaue636,090 JPY (16.9Y/145.0sq.m)480,241 JPY (17.8Y/170.0sq.m)417,988 JPY (21.9Y/140.0sq.m)
Shinnnakano1,643,717 JPY (33.3Y/187.5sq.m)500,042 JPY (16.7Y/106.9sq.m)573,198 JPY (5.3Y/71.7sq.m)
Higashikouennji603,947 JPY (8.3Y/101.7sq.m)829,647 JPY (1.0Y/134.3sq.m)507,190 JPY (13.3Y/100.0sq.m)
Shinnkouennji626,373 JPY (12.8Y/115.0sq.m)434,897 JPY (19.3Y/77.0sq.m)425,342 JPY (17.6Y/99.2sq.m)
Minamiasagaya537,417 JPY (26.8Y/103.9sq.m)635,052 JPY (8.5Y/165.6sq.m)531,741 JPY (13.9Y/120.0sq.m)
Ogikubo614,241 JPY (13.3Y/126.2sq.m)520,098 JPY (11.8Y/119.1sq.m)534,383 JPY (13.0Y/154.1sq.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.

Top

Noteworthy stations

Honngousannchoume2,875,000 JPY/sq.m (+391% compared with the previous year)

The average price of a sq.m Home of Honngousannchoume was 2,875,000 JPY/sq.m. The market value represents an increase of 2,289,821 JPY (+391.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 4 (-80.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 290.0 sq.m (a +253.7% increase compared to the 82.0 sq.m of last year.). The average total floor space of the real estate was 160.0 sq.m (a -8.0% decrease compared to the 174.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 4.8 min in 2013 and 7.0 min in 2014; +45.8%)

Shinnnakano1,643,717 JPY/sq.m (+229% compared with the previous year)

The average price of a sq.m Home of Shinnnakano was 1,643,717 JPY/sq.m. The market value represents an increase of 1,143,676 JPY (+228.7%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 4 (-50.0%) 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 +99.3% increase compared to the 16.7 years old of last year.). The average size of the real estate was 187.5 sq.m (a +75.4% increase compared to the 106.9 sq.m of last year.). The average total floor space of the real estate was 86.7 sq.m (a -36.7% decrease compared to the 136.9 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 5.4 min in 2013 and 1.5 min in 2014; -72.1%)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 42.9% of total transactions in 2013 and 33.3% of total transactions in 2014)

Causes of price decreases

  • A dramatic increase in average age of the building (representing 16.7 years old in 2013 and 33.3 years old in 2014; +99.3%)
  • 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 2013 and 25.0% of total transactions in 2014)

Shinnootsuka285,184 JPY/sq.m (-64% compared with the previous year)

The average price of a sq.m Home of Shinnootsuka was 285,184 JPY/sq.m. The market value represents a decrease of 511,702 JPY (-64.2%) 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 39.3 years old (a +103.9% increase compared to the 19.3 years old of last year.). The average size of the real estate was 77.5 sq.m (a -77.9% decrease compared to the 350.0 sq.m of last year.). The average total floor space of the real estate was 90.0 sq.m (a -85.1% decrease compared to the 602.5 sq.m of last year.).

Cause of price increases

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

Causes of price decreases

  • A dramatic increase in average age of the building (representing 19.3 years old in 2013 and 39.3 years old in 2014; +103.9%)

Higashikouennji603,947 JPY/sq.m (-27% compared with the previous year)

The average price of a sq.m Home of Higashikouennji was 603,947 JPY/sq.m. The market value represents a decrease of 225,700 JPY (-27.2%) 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 8.3 years old (a +753.8% increase compared to the 1.0 years old of last year.). The average size of the real estate was 101.7 sq.m (a -24.3% decrease compared to the 134.3 sq.m of last year.). The average total floor space of the real estate was 118.3 sq.m (a -32.7% decrease compared to the 175.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average age of the building (representing 1.0 years old in 2013 and 8.3 years old in 2014; +753.8%)
  • A some decrease in transactions involving nearly new buildings under 3 years old (representing 71.4% of total transactions in 2013 and 66.7% of total transactions in 2014)

Breakdown of each segment

Station:   Segment:

Top

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)