According to REINS, 2,812 secondhand apartments were sold across greater Tokyo in June, up 6.6% from the previous month but down 10.7% from June 2013. This is the third month in a row to see decline from one year prior.
The average apartment sale price across greater Tokyo was 27,430,000 Yen, up 3.3% from the previous month and up 6.6% from last year. The average price per square meter was 425,200 Yen, up 2.9% from the previous month and up 6.4% from last year. The average building age was 19.93 years.
1,382 apartments were sold in the Tokyo Metropolitan Area, up 7.8% from the previous month but down 9.3% from last year. This is the third month in a row to see a decline from last year. The average apartment sale price was 34,140,000 Yen, up 5.6% from the previous month and up 7.4% from last year. The average price per square meter was 563,100 Yen, up 3.6% from the previous month and up 6.5% from last year. The average building age was 18.36 years.
The average sale price in central Tokyo’s 3 wards (Chiyoda, Chuo and Minato) was 49,630,000 Yen, up 6.0% from the previous month and up 9.1% from last year. The average price per square meter was 869,400 Yen, up 2.2% from the previous month and up 8.9% from last year. The average building age was 17.45 years.
| Tokyo Metropolitan Area | |
|---|---|
| No. of sales in June: | 1,382 (+7.8% from May; -9.3% from June 2013) |
| Remaining inventory: | 17,331 apartments (12.5 months) |
| Average sale price: | 34,140,000 Yen (+5.6%; +7.4%) |
| Average sale price per sqm: | 563,100 Yen (+3.6%; +6.5%) |
| Average size: | 60.62 sqm (+1.9%; +0.9%) |
| Average building age: | 18.36 yrs (-0.16 yrs; +0.29 yrs) |
| Central Tokyo’s 3 wards (Chiyoda, Chuo, Minato) | |
|---|---|
| No. of sales in June: | 176 (+40.8% from May; +1.1% from June 2013) |
| Remaining inventory: | 1,968 apartments (11.2 months) |
| Average sale price: | 49,630,000 Yen (+6.0%; +9.1%) |
| Average price per sqm: | 869,400 Yen (+2.2%; +8.9%) |
| Average size: | 57.09 sqm (+3.7%; +0.1%) |
| Average building age: | 17.45 yrs (+1.03 yrs; +0.94 yrs) |
SECONDHAND HOMES
1,034 secondhand homes were sold across greater Tokyo, up 16.7% from the previous month but down 7.6% from last year. The average sale price was 29,100,000 Yen, up 3.7% from the previous month and up 0.1% from last year. The average house size was 106.01 sqm and the average land size was 145.95 sqm. The average building age was 20.76 years.
In the Tokyo Metropolitan Area, 265 homes were sold, up 7.7% from the previous month but down 2.9% from last year. The average sale prices was 42,700,000 Yen, up 13.7% from the previous month and up 4.1% from last year. The average house size was 107.81 sqm and the average land size was 120.10 sqm. The average building age was 20.21 years.
In Tokyo’s popular residential areas of Shinagawa, Ota, Meguro and Setagaya, the average sale price was 65,540,000 Yen, up 8.1% from the previous month and up 6.0% from last year. The average house size was 116.40 sqm and the average land size was 108.51 sqm. The average building age was 16.91 years.
BRAND NEW HOME SALES
421 brand new homes were sold across greater Tokyo, up 16.3% from the previous month but down 5.4% from last year. The average sale price was 35,040,000 Yen, up 1.4% from the previous month and up 1.0% from last year. The average house size was 97.23 sqm and the average land size was 110.99 sqm.
101 homes were sold in the Tokyo Metrolitan area, up 11.9% from the previous month but down 28.9% from last year. This is the 11th month in a row to see a decline from one year prior. The average sale price was 40,800,000 Yen, up 3.3% from the previous month and up 4.1% from last year. The average house size was 92.83 sqm and the average land size was 99.27 sqm.
LAND
458 blocks of land (between 100 ~ 200 sqm) were sold in greater Tokyo, up 18.3% from the previous month but down 13.7% from last year. The average sale price was 197,100 Yen/sqm, up 1.2% from the previous month but down 3.9% from last year.
In the Tokyo Metropolitan Area, 153 blocks of land were sold, up 39.1% from the previous month but down 4.4% from last year. This is the 9th month in a row to see a year-on-year decline. The average sale price was 309,300 Yen, down 5.8% from the previous month and down 9.5% from last year.
Source: REINS, July 10, 2014.