According to REINS, 3,069 second-hand apartments were sold across greater Tokyo in June, up 2.3% from the previous month but down 1.4% from last year. The average sale price was 30,160,000 Yen, up 0.8% from the previous month and up 3.5% from last year. The average price per square meter was 477,700 Yen, up 1.7% from the previous month and up 5.4% from last year. This is the 42nd month in a row to see a year-on-year increase in the sale price per square meter. The average building age was 20.67 years.

In the Tokyo metropolitan area 1,583 second-hand apartments were sold, up 5.3% from the previous month and up 0.3% from last year. The average sale price was 37,440,000 Yen, up 1.3% from the previous month and up 5.0% from last year. The average price per square meter was 642,400 Yen, up 2.6% from the previous month and up 7.7% from last year. This is the 45th month in a row to see a year-on-year increase in the sale price per square meter. The average building age was 19.24 years.

Central Tokyo’s 3 wards

In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 207 second-hand apartments were sold, up 16.3% from the previous month and up 20.3% from last year. This is a record high number of transactions for the month of June.

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