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 Apr, 2018 to Jun, 2018 was 305,097 JPY/sq.m. The market value represents an increase of 72,319 JPY (+31.1%) compared to 1 year ago and a transition to a dramatic market. 5 properties exchanged hands ( The market value represents an increase of 3 (+150.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 151.0 sq.m (a -55.6% decrease compared to the 340.0 sq.m of last year.).

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

2 stations have experienced increased prices; 0 stations have experienced decreased prices. Market value of most stations decreased. Minamigyoutoku, Nishifunabashi 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 +36.5% compared to last year; a sq.m unit now costs 355,000 JPY/sq.m.

The top 1 stations has seen prices increase +36.5% (+95,000 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease +36.2% (+74,445 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.0 min in 2017 and 12.0 min in 2018; +71.4%)

Land stations market overview

The average price of Minamigyoutoku Land, the highest market value along this railway was 355,000 JPY/sq.m. The market value represents an increase of 95,000 JPY (+36.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Nishifunabashi Land, the lowest market value along this railway was 280,000 JPY/sq.m. The market value represents an increase of 74,445 JPY (+36.2%) 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(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Urayasu--356,127 JPYsq.m
(0.0242sq.m)
Minamigyoutoku355,000 JPYsq.m
(0.0200sq.m)
260,000 JPYsq.m
(0.0500sq.m)
-
Gyoutoku--260,527 JPYsq.m
(0.0162sq.m)
Myoudenn267,742 JPYsq.m
(0.0115sq.m)
-310,231 JPYsq.m
(0.0293sq.m)
Barakinakayama--153,846 JPYsq.m
(0.01,300sq.m)
Nishifunabashi280,000 JPYsq.m
(0.0125sq.m)
205,555 JPYsq.m
(0.0180sq.m)
273,333 JPYsq.m
(0.0560sq.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

Minamigyoutoku355,000 JPY/sq.m (+37% compared with the previous year)

The average price of Minamigyoutoku Land was 355,000 JPY/sq.m. The market value represents an increase of 95,000 JPY (+36.5%) compared to 1 year ago and a transition to a dramatic market. 2 properties exchanged hands ( The market value represents an increase of 1 (+100.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 200.0 sq.m (a -60.0% decrease compared to the 500.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.0 min in 2017 and 8.5 min in 2018; +41.7%)

Nishifunabashi280,000 JPY/sq.m (+36% compared with the previous year)

The average price of Nishifunabashi Land was 280,000 JPY/sq.m. The market value represents an increase of 74,445 JPY (+36.2%) 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 125.0 sq.m (a -30.6% decrease compared to the 180.0 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 8.0 min in 2017 and 12.0 min in 2018; +50.0%)

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)