According to REINS, 3,008 second-hand apartments were sold across greater Tokyo in May, up 7.1% from the previous month and up 14.0% from last year. This is the second month in a row to see a year-on-year increase in transactions.
The average apartment sale price was 28,870,000 Yen, up 2.1% from the previous month and up 8.7% from last year. The average price per square meter was 452,800 Yen, up 1.6% from the previous month and up 9.5% from last year. This is the 29th month in a row to see a year-on-year increase. The average building age was 20.18 years.
1,454 apartments were sold in the Tokyo metropolitan area, up 5.6% from the previous month and up 13.4% from last year. The average sale price was 36,170,000 Yen, up 3.6% from the previous month and up 11.8% from last year. The average price per square meter was 613,200 Yen, up 2.7% from the previous month and up 12.8% from last year. The average building age was 19.01 years.
In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 188 apartments were sold, up 19.0% from the previous month and up 50.4% from last year. This is the 4th month in a row to see a year-on-year increase in sales. It is the highest number of transactions recorded for the month of May in the past 8 years.
Past transactions in May:
- 2015: 188
- 2014: 125
- 2013: 164
- 2012: 110
- 2011: 87
- 2010: 124
- 2009: 119
- 2008: 106
The average sale price was 53,650,000 Yen, up 0.1% from the previous month and up 14.6% from last year. The average price per square meter was 999,600 Yen, up 0.3% from the previous month and up 17.5% from last year. This is the highest sale price seen since record-keeping began in 2008. The average building age was 16.75 years.