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, 2018 to Sep, 2018 was 218,129 JPY/sq.m. The market value represents a decrease of 123,225 JPY (-36.1%) compared to 1 year ago and a transition to a dramatic market. 10 properties exchanged hands ( The market value represents a decrease of 2 (-16.7%) compared to 1 year ago and a transition to a weak market.).

The average size of the real estate was 217.0 sq.m (a -35.0% decrease compared to the 333.8 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving locations more than twenty minutes by foot from the station, outside of walking distance.

0 stations have experienced increased prices; 3 stations have experienced decreased prices. The market value decreased in all stations. Nishifunabashi station has seen a price decrease of over 5% compared to last year. The most dramatic price increase was at Urayasu station, where prices have decreased -90.3% compared to last year; a sq.m unit now costs 43,333 JPY/sq.m.

The top 1 stations has seen prices increase -18.4% (-51,960 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -90.3% (-401,647 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.6 min in 2017 and 14.4 min in 2018; +36.1%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 16.7% of total transactions in 2017 and 10.0% of total transactions in 2018)

Land stations market overview

The average price of Nishifunabashi Land, the highest market value along this railway was 230,889 JPY/sq.m. The market value represents a decrease of 51,960 JPY (-18.4%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average price of Urayasu Land, the lowest market value along this railway was 43,333 JPY/sq.m. The market value represents a decrease of 401,647 JPY (-90.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) 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(2018)
(Avg.Age,Dim.)
1 year ago
(Avg.Age,Dim.)
2 years ago
(Avg.Age,Dim.)
Urayasu43,333 JPYsq.m
(0.060.0sq.m)
444,980 JPYsq.m
(0.0133sq.m)
245,564 JPYsq.m
(0.0117sq.m)
Minamigyoutoku--298,574 JPYsq.m
(0.0250sq.m)
Gyoutoku366,604 JPYsq.m
(0.0455sq.m)
-351,351 JPYsq.m
(0.0185sq.m)
Myoudenn230,303 JPYsq.m
(0.0165sq.m)
325,981 JPYsq.m
(0.0259sq.m)
322,483 JPYsq.m
(0.0435sq.m)
Barakinakayama20,000 JPYsq.m
(0.075.0sq.m)
--
Nishifunabashi230,889 JPYsq.m
(0.0192sq.m)
282,849 JPYsq.m
(0.0578sq.m)
166,056 JPYsq.m
(0.071.7sq.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.

Noteworthy stations

Nishifunabashi230,889 JPY/sq.m (-18% compared with the previous year)

The average price of Nishifunabashi Land was 230,889 JPY/sq.m. The market value represents a decrease of 51,960 JPY (-18.4%) compared to 1 year ago and a transition to a weak market. 5 properties exchanged hands ( The market value represents an increase of 1 (+25.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 192.0 sq.m (a -66.8% decrease compared to the 577.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 11.2 min in 2017 and 16.0 min in 2018; +42.2%)

Urayasu43,333 JPY/sq.m (-90% compared with the previous year)

The average price of Urayasu Land was 43,333 JPY/sq.m. The market value represents a decrease of 401,647 JPY (-90.3%) compared to 1 year ago and a transition to a dramatic market. 1 properties exchanged hands ( The market value represents a decrease of 2 (-66.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 60.0 sq.m (a -55.0% decrease compared to the 133.3 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 6.7 min in 2017 and 20.0 min in 2018; +200.0%)

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)