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 Oct, 2017 to Dec, 2017 was 304,987 JPY/sq.m. The market value represents an increase of 38,376 JPY (+14.4%) compared to 1 year ago and a transition to a bull market. 7 properties exchanged hands ( The market value represents a decrease of 1 (-12.5%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 133.6 sq.m (a -43.2% decrease compared to the 235.0 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations relatively far from the station less than twenty minutes by foot from the station.

2 stations have experienced increased prices; 1 stations have experienced decreased prices. Market value of most stations decreased. Gyoutoku, Nishifunabashi station has seen a price increase of over 20% compared to last year. The most dramatic price increase was at Gyoutoku station, where prices have increased +43.4% compared to last year; a sq.m unit now costs 377,265 JPY/sq.m.

The top 1 stations has seen prices increase +43.4% (+114,151 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -37.9% (-169,230 JPY/sq.m).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 14.5 min in 2016 and 11.1 min in 2017; -23.2%)

Land stations market overview

The average price of Gyoutoku Land, the highest market value along this railway was 377,265 JPY/sq.m. The market value represents an increase of 114,151 JPY (+43.4%) 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 price of Myoudenn Land, the lowest market value along this railway was 276,923 JPY/sq.m. The market value represents a decrease of 169,230 JPY (-37.9%) 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(2017)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Urayasu142,857 JPYsq.m
(0.0210sq.m)
-435,714 JPYsq.m
(0.0175sq.m)
Minamigyoutoku273,333 JPYsq.m
(0.0150sq.m)
-64,285 JPYsq.m
(0.070.0sq.m)
Gyoutoku377,265 JPYsq.m
(0.0137sq.m)
263,114 JPYsq.m
(0.0155sq.m)
292,674 JPYsq.m
(0.0282sq.m)
Myoudenn276,923 JPYsq.m
(0.065.0sq.m)
446,153 JPYsq.m
(0.065.0sq.m)
185,714 JPYsq.m
(0.070.0sq.m)
Barakinakayama-138,461 JPYsq.m
(0.065.0sq.m)
-
Nishifunabashi310,000 JPYsq.m
(0.0100sq.m)
255,511 JPYsq.m
(0.0360sq.m)
209,722 JPYsq.m
(0.0128sq.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

Gyoutoku377,265 JPY/sq.m (+43% compared with the previous year)

The average price of Gyoutoku Land was 377,265 JPY/sq.m. The market value represents an increase of 114,151 JPY (+43.4%) 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 136.7 sq.m (a -11.8% decrease compared to the 155.0 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 18.5 min in 2016 and 7.7 min in 2017; -58.6%)

Myoudenn276,923 JPY/sq.m (-38% compared with the previous year)

The average price of Myoudenn Land was 276,923 JPY/sq.m. The market value represents a decrease of 169,230 JPY (-37.9%) 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 +0.0% decrease compared to the 65.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 9.0 min in 2016 and 19.0 min in 2017; +111.1%)

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)