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 Jul, 2017 to Sep, 2017 was 341,353 JPY/sq.m. The market value represents an increase of 78,786 JPY (+30.0%) compared to 1 year ago and a transition to a dramatic market. 12 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 333.8 sq.m (a +56.8% increase compared to the 212.9 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving very large size more than 200 sq.m.

3 stations have experienced increased prices; 0 stations have experienced decreased prices. The overall trend was the same as last year. Urayasu, Nishifunabashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Urayasu station, where prices have increased +81.2% compared to last year; a sq.m unit now costs 444,980 JPY/sq.m.

The top 1 stations has seen prices increase +81.2% (+199,416 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +1.1% (+3,497 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 12.3 min in 2016 and 10.6 min in 2017; -14.2%)

Land stations market overview

The average price of Urayasu Land, the highest market value along this railway was 444,980 JPY/sq.m. The market value represents an increase of 199,416 JPY (+81.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average price of Nishifunabashi Land, the lowest market value along this railway was 282,849 JPY/sq.m. The market value represents an increase of 116,793 JPY (+70.3%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents an increase of 1 (+33.3%) 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(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Urayasu444,980 JPYsq.m
(0.0133sq.m)
245,564 JPYsq.m
(0.0117sq.m)
-
Minamigyoutoku-298,574 JPYsq.m
(0.0250sq.m)
-
Gyoutoku-351,351 JPYsq.m
(0.0185sq.m)
358,974 JPYsq.m
(0.0390sq.m)
Myoudenn325,981 JPYsq.m
(0.0259sq.m)
322,483 JPYsq.m
(0.0435sq.m)
-
Barakinakayama--135,130 JPYsq.m
(0.0348sq.m)
Nishifunabashi282,849 JPYsq.m
(0.0578sq.m)
166,056 JPYsq.m
(0.071.7sq.m)
237,037 JPYsq.m
(0.0135sq.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

Urayasu444,980 JPY/sq.m (+81% compared with the previous year)

The average price of Urayasu Land was 444,980 JPY/sq.m. The market value represents an increase of 199,416 JPY (+81.2%) compared to 1 year ago and a transition to a dramatic market. 3 properties exchanged hands (It was the same as last year.).

The average size of the real estate was 133.3 sq.m (a +14.3% increase compared to the 116.7 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 12.7 min in 2016 and 6.7 min in 2017; -47.4%)

Myoudenn325,981 JPY/sq.m (+1% compared with the previous year)

The average price of Myoudenn Land was 325,981 JPY/sq.m. The market value represents an increase of 3,497 JPY (+1.1%) compared to 1 year ago and a transition to a slight market. 5 properties exchanged hands ( The market value represents an increase of 2 (+66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 259.0 sq.m (a -40.5% decrease compared to the 435.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.3 min in 2016 and 12.4 min in 2017; +20.0%)

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)