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 Oct, 2016 to Dec, 2016 was 266,610 JPY/sq.m. The market value represents an increase of 833 JPY (+0.3%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 235.0 sq.m (a +43.5% increase compared to the 163.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving relatively large size more than 100 sq.m.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. 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 +140.2% compared to last year; a sq.m unit now costs 446,153 JPY/sq.m.

The top 1 stations has seen prices increase +140.2% (+260,439 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -10.1% (-29,560 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.1 min in 2015 and 14.5 min in 2016; +43.2%)

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

Top

Land stations market overview

The average price of a sq.m Land of Myoudenn, the highest market value along this railway was 446,153 JPY/sq.m. The market value represents an increase of 260,439 JPY (+140.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Nishifunabashi, the lowest market value along this railway was 255,511 JPY/sq.m. The market value represents an increase of 45,789 JPY (+21.8%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 2 (+100.0%) 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
Urayasu-435,714 JPY (0.0Y/175.0sq.m)-
Minamigyoutoku-64,285 JPY (0.0Y/70.0sq.m)-
Gyoutoku263,114 JPY (0.0Y/155.0sq.m)292,674 JPY (0.0Y/282.5sq.m)245,486 JPY (0.0Y/396.2sq.m)
Myoudenn446,153 JPY (0.0Y/65.0sq.m)185,714 JPY (0.0Y/70.0sq.m)61,111 JPY (0.0Y/180.0sq.m)
Barakinakayama138,461 JPY (0.0Y/65.0sq.m)--
Nishifunabashi255,511 JPY (0.0Y/360.0sq.m)209,722 JPY (0.0Y/127.5sq.m)232,669 JPY (0.0Y/105.0sq.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.

Top

Noteworthy stations

Myoudenn446,153 JPY/sq.m (+140% compared with the previous year)

The average price of a sq.m Land of Myoudenn was 446,153 JPY/sq.m. The market value represents an increase of 260,439 JPY (+140.2%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 65.0 sq.m (a -7.1% decrease compared to the 70.0 sq.m of last year.).

Gyoutoku263,114 JPY/sq.m (-10% compared with the previous year)

The average price of a sq.m Land of Gyoutoku was 263,114 JPY/sq.m. The market value represents a decrease of 29,560 JPY (-10.1%) compared to 1 year ago and a transition to a weak market. 2 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 155.0 sq.m (a -45.1% decrease compared to the 282.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.0 min in 2015 and 18.5 min in 2016; +85.0%)

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)