According to REINS, 2,971 second-hand apartments were sold across greater Tokyo in November, up 3.3% from the previous month and up 5.0% from last year. The average apartment sale price was 29,160,000 Yen, down 1.1% from the previous month but up 3.8% from last year. The average price per square meter was 459,800 Yen, up 0.4% from the previous month and up 4.2% from last year. The average building age was 20.45 years.
In the Tokyo metropolitan area, 1,500 second-hand apartments were sold, up 6.0% from the previous month and up 4.8% from last year. The average sale price was 36,110,000 Yen, down 2.0% from the previous month but up 6.0% from last year. The average price per square meter was 619,600 Yen, up 0.1% from the previous month and up 7.6% from last year. This is the 38th month in a row to see a year-on-year increase in the sale price per square meter. The average building age was 19.27 years.
Central Tokyo’s 3 wards
In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 186 apartments were sold, up 3.9% from the previous month and up 26.5% from last year. This is the highest number of transactions recorded for the month of November since record-keeping began in 2008, and is 63% higher than the average transaction numbers seen between 2008 ~ 2012.
The average sale price was 53,770,000 Yen, down 6.0% from the previous month but up 8.3% from last year. The average price per square meter was 1,005,900 Yen, down 3.3% from the previous month but up 4.1% from last year. The average building age was 18.19 years.