Tokyo apartment sale prices increase for 62nd month
According to REINS, 2,904 second-hand apartments were sold across greater Tokyo in November, down 6.4% from the previous month and down 2.7% from last year. The average sale price was 32,020,000 Yen, down 0.2% from the previous month but up 1.6% from last year. The average price per square meter was 502,000 Yen, up 0.1% from the previous month and up 1.7% from last year. This is the 59th month in a row to see a year-on-year increase in sale prices. The average building age was 21.21 years.
In the Tokyo metropolitan area, 1,512 second-hand apartments were sold, down 4.7% from the previous month and down 2.6% from last year. The average sale price was 39,610,000 Yen, up 1.3% from the previous month and up 2.1% from last year. The average price per square meter was 673,000 Yen, up 2.6% from the previous month and up 2.9% from last year. This is the 62nd month in a row to record a year-on-year increase in sale prices. The average building age was 19.61 years.Read more
Tokyo Apartment Sales in November 2017
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2017:Read more
Apartment asking prices in Tokyo in October 2017
According to Tokyo Kantei, the average asking price of a 70 sqm (753 sq ft) apartment across Greater Tokyo was 35,810,000 Yen in October 2017, up 0.7% from the previous month but down 1.1% from last year. The average building age was 23.0 years.
In Tokyo’s 23 wards the average asking price was 52,920,000 Yen, showing no change from the previous month but up 0.9% from last year. The average building age was 22.6 years.Read more
New apartment prices in Tokyo increase for 7th month
According to the Real Estate Economic Institute, 2,817 brand new apartments were released for sale across greater Tokyo in October, down 5.4% from the previous month and down 3.0% from last year.
The average sale price was 55,860,000 Yen, down 4.1% from the previous month but up 3.3% from last year. The average price per square meter was 811,000 Yen, down 4.1% from the previous month but up 2.3% from last year. This is the 7th month in a row to record a year-on-year increase.
The contract ratio across greater Tokyo was 60.7%, down 0.9 points from last year.
Tokyo apartment sale prices increase for 61st month
According to REINS, 3,103 second-hand apartments were sold across greater Tokyo in October, down 3.7% from the previous month and down 7.1% from last year. The average sale price was 32,090,000 Yen, down 0.5% from the previous month but up 2.3% from last year. The average sale price per square meter was 501,600 Yen, down 1.0% from the previous month but up 3.3% from last year. This is the 58th month in a row to see a year-on-year increase in sale prices. The average building age was 20.80 years.
A third of apartments in central Tokyo sell at full asking price
A common question we get from buyers is how much of a discount can they get on the asking price of a property. The honest answer is that it varies. Some properties will sell at their full asking price, while others may sell at a discount. Typically two-thirds of all reported apartment sales in central Tokyo (Minato, Chiyoda, Chuo, Shibuya, Shinjuku and Shinagawa) sell at a discount of less than 3%, while a third sell at their full asking price.
Tokyo Apartment Sales in October 2017
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of October 2017:Read more