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 Apr, 2016 to Jun, 2016 was 287,823 JPY/sq.m. The market value represents an increase of 50,792 JPY (+21.4%) compared to 1 year ago and a transition to a dramatic market. 13 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 359.6 sq.m (a -20.8% decrease compared to the 454.2 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.

3 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was the same as last year. Myoudenn, Barakinakayama, Nishifunabashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Myoudenn station, where prices have increased +58.7% compared to last year; a sq.m unit now costs 310,231 JPY/sq.m.

The top 1 stations has seen prices increase +58.7% (+114,698 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -8.0% (-22,630 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 12.8 min in 2015 and 10.6 min in 2016; -17.4%)

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 Urayasu, the highest market value along this railway was 356,127 JPY/sq.m. The market value represents a decrease of 13,873 JPY (-3.7%) compared to 1 year ago and a transition to a some 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 Land of Barakinakayama, the lowest market value along this railway was 153,846 JPY/sq.m. The market value represents an increase of 28,132 JPY (+22.4%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

Tokyo Metro Tozai Line (Stations Land market overview)
Tokyo Metro Tozai LineThis year(2016)1 year ago2 years ago
Urayasu356,127 JPY (0.0Y/241.7sq.m)370,000 JPY (0.0Y/1050.0sq.m)-
Minamigyoutoku-195,604 JPY (0.0Y/50.0sq.m)315,000 JPY (0.0Y/200.0sq.m)
Gyoutoku260,527 JPY (0.0Y/162.5sq.m)283,158 JPY (0.0Y/511.0sq.m)208,750 JPY (0.0Y/50.0sq.m)
Myoudenn310,231 JPY (0.0Y/293.3sq.m)195,532 JPY (0.0Y/182.5sq.m)-
Barakinakayama153,846 JPY (0.0Y/1300.0sq.m)125,714 JPY (0.0Y/175.0sq.m)270,000 JPY (0.0Y/550.0sq.m)
Nishifunabashi273,333 JPY (0.0Y/560.0sq.m)196,721 JPY (0.0Y/610.0sq.m)226,454 JPY (0.0Y/120.0sq.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

Myoudenn310,231 JPY/sq.m (+59% compared with the previous year)

The average price of a sq.m Land of Myoudenn was 310,231 JPY/sq.m. The market value represents an increase of 114,698 JPY (+58.7%) 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 size of the real estate was 293.3 sq.m (a +60.7% increase compared to the 182.5 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.5 min in 2015 and 9.7 min in 2016; -15.9%)

Gyoutoku260,527 JPY/sq.m (-8% compared with the previous year)

The average price of a sq.m Land of Gyoutoku was 260,527 JPY/sq.m. The market value represents a decrease of 22,630 JPY (-8.0%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands ( The market value represents a decrease of 1 (-20.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 162.5 sq.m (a -68.2% decrease compared to the 511.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 11.4 min in 2015 and 9.0 min in 2016; -21.1%)

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)