According to REINS, 3,339 second-hand apartments were sold across greater Tokyo in October, up 6.0% from the previous month and up 16.1% from last year. The average sale price was 31,360,000 Yen, up 0.3% from the previous month and up 6.4% from last year. The average price per square meter was 485,800 Yen, down 1.0% from the previous month but up 6.1% from last year. This is the 46th month in a row to see a year-on-year increase. The average building age was 19.73 years.
In the Tokyo metropolitan area, 1,683 second-hand apartments were sold, up 1.9% from the previous month and up 18.9% from last year. The average sale price was 38,270,000 Yen, down 0.2% from the previous month but up 3.8% from last year. The average price per square meter was 638,900 Yen, down 1.4% from the previous month but up 3.2% from last year. This is the 49th month in a row to see a year-on-year increase. The average building age was 18.87 years.
Central Tokyo’s 3 wards
In central Tokyo’s 3 wards (Chiyoda, Chuo and Minato), 193 second-hand apartments were sold, up 1.6% from the previous month and up 7.8% from last year. The average sale price was 58,640,000 Yen, down 10.9% from the previous month but up 2.5% from last year. The average price per square meter was 1,020,500 Yen, down 6.7% from the previous month and down 1.9% from last year. The average building age was 14.64 years.