According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) second-hand apartment in greater Tokyo was 35,680,000 Yen in January 2017, showing no change from the previous month but up 6.9% from last year. The average building age was 22.4 years.

In the Tokyo metropolitan area, the average asking price was 48,240,000 Yen, down 0.3% from the previous month but up 3.9% from last year. The average building age was 22.0 years.

In Tokyo’s 23 wards, the average asking price was 53,170,000 Yen, down 0.2% from the previous month but up 3.0% from last year. This is the first time in 3 months to record a month-on-month decrease. The average building age was 21.8 years.

In Tokyo’s central six wards (Chiyoda, Chuo, Minato, Shinjuku, Bunkyo and Shibuya) the average asking price was 72,820,000 Yen, down 0.4% from the previous month but up 2.0% from last year. The average building age was 20.1 years.

Asking prices across Japan:

 

Greater Tokyo 35,680,000 Yen (0.0% from Dec. 2016; +6.9% from Jan. 2016)
  Tokyo 48,240,000 Yen (-0.3%; +3.9%)
  Kanagawa Prefecture 27,850,000 Yen (+0.4%; +7.9%)
  Saitama Prefecture 21,070,000 Yen (+0.5%; +6.3%)
  Chiba Prefecture 19,350,000 Yen (+1.4%; +4.7%)
Kinki Region 21,090,000 Yen (+0.5%; +7.5%)
  Osaka 22,830,000 Yen (0.0%; +9.3%)
  Hyogo Prefecture 18,380,000 Yen (+0.8%; +2.3%)
Chubu Region 16,750,000 Yen (+1.3%; +5.5%)
  Aichi Prefecture 17,940,000 Yen (+1.1%; +6.3%)

 

Apartment asking prices by city:

 

Tokyo 23 wards 53,170,000 Yen (-0.2% from Dec. 2016; +3.0% from Jan. 2016)
Yokohama City 29,810,000 Yen (+0.5%; +7.7%)
Saitama City 25,640,000 Yen (+3.9%+7.8%)
Chiba City 18,170,000 Yen (+4.7%; +7.8%)
Osaka City 28,610,000 Yen (-0.8%; +0.7%)
Kobe City 18,720,000 Yen (0.0%; +0.7%)
Nagoya City 21,180,000 Yen (+1.7%; +6.0%)

 

Apartment asking prices in Tokyo, Osaka and Nagoya:

 

Tokyo central 6 wards 72,820,000 Yen (-0.4% from Dec. 2016; +2.3% from Jan. 2016)
Jyonan, Jyosai 6 wards 52,100,000 Yen (0.0%; +1.2%)
Jyohoku, Jyoto 11 wards 41,170,000 Yen (+0.5%; +6.5%)
Osaka central 6 wards 37,420,000 Yen (-1.0%; +5.2%)
Nagoya central 3 wards 26,890,000 Yen (+3.7%; +12.2%)

 

About the data:

  • Tokyo central 6 wards: Chiyoda, Chuo, Minato, Shinjuku, Bunkyo, Shibuya.
  • Jyonan, Jyosai 6 wards: Shinagawa, Meguro, Ota, Setagaya, Nakano, Suginami.
  • Jyohoku, Jyoto 11 wards: All other wards in Tokyo.
  • Osaka central 6 wards: Fukushima, Nishi, Tennoji, Naniwa, Kita, Chuo.
  • Nagoya central 3 wards: Naka, Higashi, Chikusa.

 

The data above is based on advertised prices which may be higher than actual prices after negotiations. Click here to read the REINS report about actual sale prices in January.

Source: Tokyo Kantei, February 21, 2017.

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