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 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)

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 Nishifunabashi, 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 a sq.m Land of Urayasu, 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)1 year ago2 years ago
Urayasu43,333 JPY (0.0Y/60.0sq.m)444,980 JPY (0.0Y/133.3sq.m)245,564 JPY (0.0Y/116.7sq.m)
Minamigyoutoku--298,574 JPY (0.0Y/250.0sq.m)
Gyoutoku366,604 JPY (0.0Y/455.0sq.m)-351,351 JPY (0.0Y/185.0sq.m)
Myoudenn230,303 JPY (0.0Y/165.0sq.m)325,981 JPY (0.0Y/259.0sq.m)322,483 JPY (0.0Y/435.0sq.m)
Barakinakayama20,000 JPY (0.0Y/75.0sq.m)--
Nishifunabashi230,889 JPY (0.0Y/192.0sq.m)282,849 JPY (0.0Y/577.5sq.m)166,056 JPY (0.0Y/71.7sq.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

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

The average price of a sq.m Land of Nishifunabashi 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 a sq.m Land of Urayasu 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:

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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)