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, 2018 to Dec, 2018 was 259,630 JPY/sq.m. The market value represents a decrease of 54,791 JPY (-17.4%) compared to 1 year ago and a transition to a weak market. 34 properties exchanged hands ( The market value represents an increase of 10 (+41.7%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 172.1 sq.m (a -38.5% decrease compared to the 279.6 sq.m of last year.).

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving size for a general family households less than 100 sq.m.

0 stations have experienced increased prices; 5 stations have experienced decreased prices. The market value decreased in all stations. Minamigyoutoku, Myoudenn, Nishifunabashi station has seen a price decrease of over 20% compared to last year. The most dramatic price increase was at Urayasu station, where prices have decreased -42.9% compared to last year; a sq.m unit now costs 210,794 JPY/sq.m.

The top 1 stations has seen prices increase -2.0% (-5,219 JPY/sq.m). On the other hand, The bottom 1 stations has seen prices decrease -42.9% (-158,656 JPY/sq.m).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 10.3 min in 2017 and 13.5 min in 2018; +31.5%)
  • A dramatic decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 12.5% of total transactions in 2017 and 8.8% 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

Top

Land stations market overview

The average price of a sq.m Land of Gyoutoku, the highest market value along this railway was 331,029 JPY/sq.m. The market value represents a decrease of 19,420 JPY (-5.5%) compared to 1 year ago and a transition to a bear market. 4 properties exchanged hands (It was the same as last year.).

The average price of a sq.m Land of Urayasu, the lowest market value along this railway was 210,794 JPY/sq.m. The market value represents a decrease of 158,656 JPY (-42.9%) compared to 1 year ago and a transition to a dramatic 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.).

Tokyo Metro Tozai Line (Stations Land market overview)
Tokyo Metro Tozai LineThis year(2018)1 year ago2 years ago
Urayasu210,794 JPY (0.0Y/77.0sq.m)369,450 JPY (0.0Y/152.5sq.m)265,010 JPY (0.0Y/172.1sq.m)
Minamigyoutoku261,448 JPY (0.0Y/195.0sq.m)266,666 JPY (0.0Y/325.0sq.m)298,574 JPY (0.0Y/250.0sq.m)
Gyoutoku331,029 JPY (0.0Y/310.0sq.m)350,448 JPY (0.0Y/127.5sq.m)273,294 JPY (0.0Y/152.5sq.m)
Myoudenn307,300 JPY (0.0Y/201.2sq.m)319,463 JPY (0.0Y/315.7sq.m)330,016 JPY (0.0Y/311.2sq.m)
Barakinakayama20,000 JPY (0.0Y/75.0sq.m)-222,077 JPY (0.0Y/718.0sq.m)
Nishifunabashi259,047 JPY (0.0Y/148.8sq.m)270,993 JPY (0.0Y/390.0sq.m)238,688 JPY (0.0Y/285.0sq.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.

Top

Noteworthy stations

Minamigyoutoku261,448 JPY/sq.m (-2% compared with the previous year)

The average price of a sq.m Land of Minamigyoutoku was 261,448 JPY/sq.m. The market value represents a decrease of 5,219 JPY (-2.0%) compared to 1 year ago and a transition to a slight market. 8 properties exchanged hands ( The market value represents an increase of 6 (+300.0%) compared to 1 year ago and a transition to a dramatic market.).

The average size of the real estate was 195.0 sq.m (a -40.0% decrease compared to the 325.0 sq.m of last year.).

Causes of price decreases

  • An increase in average distance from the station (representing 11.0 min in 2017 and 12.8 min in 2018; +15.9%)

Urayasu210,794 JPY/sq.m (-43% compared with the previous year)

The average price of a sq.m Land of Urayasu was 210,794 JPY/sq.m. The market value represents a decrease of 158,656 JPY (-42.9%) compared to 1 year ago and a transition to a dramatic 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 77.0 sq.m (a -49.5% decrease compared to the 152.5 sq.m of last year.).

Causes of price decreases

  • A dramatic increase in average distance from the station (representing 7.2 min in 2017 and 14.2 min in 2018; +95.9%)
  • An decrease in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 25.0% of total transactions in 2017 and 20.0% of total transactions in 2018)

Breakdown of each segment

Station:   Segment:

Top

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)