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, 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%)

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 Gyoutoku, 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 a sq.m Land of Myoudenn, 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)1 year ago2 years ago
Urayasu142,857 JPY (0.0Y/210.0sq.m)-435,714 JPY (0.0Y/175.0sq.m)
Minamigyoutoku273,333 JPY (0.0Y/150.0sq.m)-64,285 JPY (0.0Y/70.0sq.m)
Gyoutoku377,265 JPY (0.0Y/136.7sq.m)263,114 JPY (0.0Y/155.0sq.m)292,674 JPY (0.0Y/282.5sq.m)
Myoudenn276,923 JPY (0.0Y/65.0sq.m)446,153 JPY (0.0Y/65.0sq.m)185,714 JPY (0.0Y/70.0sq.m)
Barakinakayama-138,461 JPY (0.0Y/65.0sq.m)-
Nishifunabashi310,000 JPY (0.0Y/100.0sq.m)255,511 JPY (0.0Y/360.0sq.m)209,722 JPY (0.0Y/127.5sq.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

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

The average price of a sq.m Land of Gyoutoku 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 a sq.m Land of Myoudenn 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:

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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)