Tokyo Metro Tozai Line railway market report

Tokyo Metro Tozai Line Land market overview

The average price of Tokyo Metro Tozai Line (Urayasu to Nishifunabashi) Land, in Jan, 2016 to Dec, 2016 was 270,612 JPY/sq.m. The market value represents an increase of 10,856 JPY (+4.2%) compared to 1 year ago and a transition to a some market. 40 properties exchanged hands ( The market value represents an increase of 5 (+14.3%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 296.4 sq.m (a +2.5% increase compared to the 289.1 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

4 stations have experienced increased prices; 2 stations have experienced decreased prices. The overall trend was toward increased prices. Minamigyoutoku, Myoudenn, Barakinakayama station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Minamigyoutoku station, where prices have increased +64.5% compared to last year; a sq.m unit now costs 298,574 JPY/sq.m.

The top 2 stations has seen prices increase +56.9% (+112,976 JPY/sq.m). On the other hand, The bottom 2 stations has seen prices decrease -21.0% (-74,602 JPY/sq.m).

Causes of price decreases

  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 14.3% of total transactions in 2015 and 7.5% of total transactions in 2016)

Land stations market overview

The average price of Myoudenn Land, the highest market value along this railway was 330,016 JPY/sq.m. The market value represents an increase of 108,898 JPY (+49.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Barakinakayama Land, the lowest market value along this railway was 222,077 JPY/sq.m. The market value represents an increase of 65,676 JPY (+42.0%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) 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)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Urayasu265,010 JPYsq.m
(0.0172sq.m)
373,734 JPYsq.m
(0.0492sq.m)
267,730 JPYsq.m
(0.0214sq.m)
Minamigyoutoku298,574 JPYsq.m
(0.0250sq.m)
181,520 JPYsq.m
(0.063.8sq.m)
299,242 JPYsq.m
(0.0195sq.m)
Gyoutoku273,294 JPYsq.m
(0.0152sq.m)
313,775 JPYsq.m
(0.0370sq.m)
262,039 JPYsq.m
(0.0233sq.m)
Myoudenn330,016 JPYsq.m
(0.0311sq.m)
221,118 JPYsq.m
(0.0125sq.m)
143,375 JPYsq.m
(0.0630sq.m)
Barakinakayama222,077 JPYsq.m
(0.0718sq.m)
156,400 JPYsq.m
(0.0285sq.m)
202,857 JPYsq.m
(0.0435sq.m)
Nishifunabashi238,688 JPYsq.m
(0.0285sq.m)
221,565 JPYsq.m
(0.0202sq.m)
215,483 JPYsq.m
(0.0172sq.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.

Noteworthy stations

Minamigyoutoku298,574 JPY/sq.m (+64% compared with the previous year)

The average price of Minamigyoutoku Land was 298,574 JPY/sq.m. The market value represents an increase of 117,053 JPY (+64.5%) 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 size of the real estate was 250.0 sq.m (a +292.2% increase compared to the 63.8 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 11.0 min in 2015 and 12.5 min in 2016; +13.6%)

Myoudenn330,016 JPY/sq.m (+49% compared with the previous year)

The average price of Myoudenn Land was 330,016 JPY/sq.m. The market value represents an increase of 108,898 JPY (+49.2%) compared to 1 year ago and a transition to a dramatic market. 8 properties exchanged hands ( The market value represents an increase of 4 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 311.2 sq.m (a +149.0% increase compared to the 125.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 11.0 min in 2015 and 9.6 min in 2016; -12.5%)

Urayasu265,010 JPY/sq.m (-29% compared with the previous year)

The average price of Urayasu Land was 265,010 JPY/sq.m. The market value represents a decrease of 108,724 JPY (-29.1%) compared to 1 year ago and a transition to a dramatic market. 7 properties exchanged hands ( The market value represents an increase of 1 (+16.7%) compared to 1 year ago and a transition to a bull market.).

The average size of the real estate was 172.1 sq.m (a -65.0% decrease compared to the 491.7 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2015 and 13.3 min in 2016; +47.6%)

Gyoutoku273,294 JPY/sq.m (-13% compared with the previous year)

The average price of Gyoutoku Land was 273,294 JPY/sq.m. The market value represents a decrease of 40,481 JPY (-12.9%) compared to 1 year ago and a transition to a weak market. 8 properties exchanged hands ( The market value represents a decrease of 3 (-27.3%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 152.5 sq.m (a -58.7% decrease compared to the 369.5 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 9.9 min in 2015 and 11.4 min in 2016; +14.8%)

Breakdown of each segment

Station:   Segment:

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)