According to REINS, 2,808 second-hand apartments were sold across greater Tokyo in July, down 9.8% from the previous month but up 10.9% from last year. This is the 4th month in a row to see a year-on-year increase in transactions.

The average apartment sale price was 28,680,000 Yen, down 1.6% from the previous month but up 9.3% from last year. The average price per square meter was 452,000 Yen, down 0.3% from the previous month but up 10.2% from last year. The average building age was 20.53 years.

1,405 apartments were sold in the Tokyo metropolitan area, down 11.0% from the previous month but up 14.5% from last year. The average sale price was 34,790,000 Yen, down 2.5% from the previous month but up 8.7% from last year. The average price per square meter was 602,800 Yen, up 1.1% from the previous month and up 10.7% from last year. The average building age was 19.87 years.

Sale prices in central Tokyo continue to break records

In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 165 second-hand apartments were sold, down 4.1% from the previous month but up 33.1% from last year. This is the highest level seen for the month of July and about 34% higher than the average for the previous 7 years. 

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