According to REINS, 3,728 second-hand apartments were sold across greater Tokyo in March, up 13.2% from the previous month but down 6.7% from last year. This is the 12th month in a row to see a year-on-year decline.

The average apartment sale price was 29,230,000 Yen, down 0.1% from the previous month but up 9.7% from last year. The average price per square meter was 453,100 Yen, up 0.7% from the previous month and up 8.7% from last year. The average building age was 19.47 years.

1,843 second-hand apartments were sold in the Tokyo metropolitan area, up 17.2% from the previous month but down 7.1% from last year. The average sale price was 35,580,000 Yen, down 2.3% from the previous month but up 10.6% from last year. The average price per square meter was 601,900 Yen, down 0.7% from the previous month but up 11.1% from last year. The average building age was 18.58 years.

In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 230 apartments were sold, up 23.0% from the previous month and up 0.4% from last year. This is the highest level for March seen since record keeping began in 2008.

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