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 Jan, 2017 to Dec, 2017 was 314,421 JPY/sq.m. The market value represents an increase of 43,809 JPY (+16.2%) compared to 1 year ago and a transition to a bull market. 24 properties exchanged hands ( The market value represents a decrease of 16 (-40.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 279.6 sq.m (a -5.7% decrease compared to the 296.4 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; 2 stations have experienced decreased prices. The overall trend was the same as last year. Urayasu, Gyoutoku 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 +39.4% compared to last year; a sq.m unit now costs 369,450 JPY/sq.m.

The top 1 stations has seen prices increase +39.4% (+104,439 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -10.7% (-31,907 JPY/sq.m).

Cause of price increases

  • An decrease in average distance from the station (representing 11.8 min in 2016 and 10.3 min in 2017; -13.0%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 7.5% of total transactions in 2016 and 12.5% of total transactions in 2017)

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 Urayasu, the highest market value along this railway was 369,450 JPY/sq.m. The market value represents an increase of 104,439 JPY (+39.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) compared to 1 year ago and a transition to a dramatic market.).

The average price of a sq.m Land of Minamigyoutoku, the lowest market value along this railway was 266,666 JPY/sq.m. The market value represents a decrease of 31,907 JPY (-10.7%) compared to 1 year ago and a transition to a weak market. 2 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
Urayasu369,450 JPY (0.0Y/152.5sq.m)265,010 JPY (0.0Y/172.1sq.m)373,734 JPY (0.0Y/491.7sq.m)
Minamigyoutoku266,666 JPY (0.0Y/325.0sq.m)298,574 JPY (0.0Y/250.0sq.m)181,520 JPY (0.0Y/63.8sq.m)
Gyoutoku350,448 JPY (0.0Y/127.5sq.m)273,294 JPY (0.0Y/152.5sq.m)313,775 JPY (0.0Y/369.5sq.m)
Myoudenn319,463 JPY (0.0Y/315.7sq.m)330,016 JPY (0.0Y/311.2sq.m)221,118 JPY (0.0Y/125.0sq.m)
Barakinakayama-222,077 JPY (0.0Y/718.0sq.m)156,400 JPY (0.0Y/285.0sq.m)
Nishifunabashi270,993 JPY (0.0Y/390.0sq.m)238,688 JPY (0.0Y/285.0sq.m)221,565 JPY (0.0Y/201.7sq.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

Urayasu369,450 JPY/sq.m (+39% compared with the previous year)

The average price of a sq.m Land of Urayasu was 369,450 JPY/sq.m. The market value represents an increase of 104,439 JPY (+39.4%) compared to 1 year ago and a transition to a dramatic market. 4 properties exchanged hands ( The market value represents a decrease of 3 (-42.9%) 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 -11.4% decrease compared to the 172.1 sq.m of last year.).

Cause of price increases

  • A dramatic decrease in average distance from the station (representing 13.3 min in 2016 and 7.2 min in 2017; -45.4%)

Minamigyoutoku266,666 JPY/sq.m (-11% compared with the previous year)

The average price of a sq.m Land of Minamigyoutoku was 266,666 JPY/sq.m. The market value represents a decrease of 31,907 JPY (-10.7%) 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 325.0 sq.m (a +30.0% increase compared to the 250.0 sq.m of last year.).

Cause of price increases

  • An decrease in average distance from the station (representing 12.5 min in 2016 and 11.0 min in 2017; -12.0%)

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)