Tokyo Metro Tozai Line railway market report

Tokyo Metro Tozai Line Land market overview

The average price of a sq.m Land of Tokyo Metro Tozai Line (Urayasu to Nishifunabashi), in Jan, 2016 to Mar, 2016 was 254,750 JPY/sq.m. The market value represents a decrease of 42,464 JPY (-14.3%) compared to 1 year ago and a transition to a weak market. 7 properties exchanged hands ( The market value represents a decrease of 3 (-30.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 392.1 sq.m (a +132.7% increase compared to the 168.5 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.

2 stations have experienced increased prices; 3 stations have experienced decreased prices. Market value of most stations decreased. Barakinakayama, Nishifunabashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Nishifunabashi station, where prices have increased +34.4% compared to last year; a sq.m unit now costs 320,000 JPY/sq.m.

The top 1 stations has seen prices increase +34.4% (+81,905 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -84.1% (-263,620 JPY/sq.m).

Cause of price increases

  • 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 2015 and 28.6% of total transactions in 2016)

Breakdown of each segment

The table below shows Land dealt in Tokyo Metro Tozai 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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Land stations market overview

The average price of a sq.m Land of Nishifunabashi, the highest market value along this railway was 320,000 JPY/sq.m. The market value represents an increase of 81,905 JPY (+34.4%) 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.).

The average price of a sq.m Land of Urayasu, the lowest market value along this railway was 50,000 JPY/sq.m. The market value represents a decrease of 263,620 JPY (-84.1%) 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 Tozai Line (Stations Land market overview)
Tokyo Metro Tozai LineThis year(2016)1 year ago2 years ago
Urayasu50,000 JPY (0.0Y/130.0sq.m)313,620 JPY (0.0Y/250.0sq.m)295,099 JPY (0.0Y/216.7sq.m)
Minamigyoutoku-270,588 JPY (0.0Y/85.0sq.m)-
Gyoutoku266,666 JPY (0.0Y/75.0sq.m)353,598 JPY (0.0Y/185.0sq.m)382,352 JPY (0.0Y/340.0sq.m)
Myoudenn295,833 JPY (0.0Y/240.0sq.m)307,692 JPY (0.0Y/65.0sq.m)184,507 JPY (0.0Y/855.0sq.m)
Barakinakayama298,000 JPY (0.0Y/741.7sq.m)229,629 JPY (0.0Y/270.0sq.m)71,428 JPY (0.0Y/140.0sq.m)
Nishifunabashi320,000 JPY (0.0Y/75.0sq.m)238,095 JPY (0.0Y/105.0sq.m)213,267 JPY (0.0Y/282.5sq.m)

*Average unit prices per sq.m of Land 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

Nishifunabashi320,000 JPY/sq.m (+34% compared with the previous year)

The average price of a sq.m Land of Nishifunabashi was 320,000 JPY/sq.m. The market value represents an increase of 81,905 JPY (+34.4%) 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.).

The average size of the real estate was 75.0 sq.m (a -28.6% decrease compared to the 105.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.0 min in 2015 and 14.0 min in 2016; -22.2%)

Urayasu50,000 JPY/sq.m (-84% compared with the previous year)

The average price of a sq.m Land of Urayasu was 50,000 JPY/sq.m. The market value represents a decrease of 263,620 JPY (-84.1%) 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.).

The average size of the real estate was 130.0 sq.m (a -48.0% decrease compared to the 250.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.5 min in 2015 and 16.0 min in 2016; +88.2%)

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)