Apartment prices in Tokyo down 10% in September

According to the latest data from the Real Estate Information Network for East Japan (REINS), the number of purchase contracts on houses and apartments sold on the secondary market in greater Tokyo in September fell over 3% from the previous year. The average selling price for both apartments and houses in greater Tokyo still remain lower than in 2010.

Second-hand apartments:

The average selling price of second-hand apartments, however, fell by 0.7% to 25,150,000 Yen (326,000 USD). A total of 2513 units were sold in September, down 3.6% from the previous year. This is the 7th continuous month following the March 11 disaster where the number of sales have been lower than the year before. The average price per square meter was 387,700 Yen (5035 USD/sqm, or 467 USD/sqft). This was a fall of 1.2% from the previous month and a fall of 2.2% from 2010. The average apartment size was 64.89 sqm (698 sqft) and the average age was 18.13 years.

The average purchase price per square meter for an apartment within Tokyo City was 489,600 Yen (6360 USD/sqm, or 590 USD/sqft) – a decrease of 6.8% from 2010. For an apartment sold in Tokyo’s central 3 wards (Chiyoda, Chuo and Minato), the average price was 738,800 Yen/sqm (9600 USD/sqm, or 890 USD/sqft). A total of 104 apartments were sold in the 3 wards in September – a drop of 15.4% from the year prior.

In the 3 months from July to September, 2011, only 25 apartments within Tokyo City sold for a price over 100,000,000 Yen (1.3 million USD). This accounted for only 0.8% of the 3170 apartments sold over that period. For the same period in 2010, 40 apartments were sold, amounting to 1.3% of the total. In 2011, over 76% of apartments sold for less than 40,000,000 Yen (520,000 USD).

The number of new listings in greater Tokyo for the month totaled 15,383 units. This is an increase of 25.2% higher than the previous year and is the 18th continuous month of increases.

Second-hand houses:

A total of 911 houses were sold in greater Tokyo in September. This is a decrease of 3% from 2010. The average house purchase price was 30,030,000 Yen (390,000 USD) – a fall of 2.5% from 2010. The average size of the land was 149.55 sqm and average house size was 105.26 sqm (1132 sqft). The average age was 19.42 years.

The average purchase price for a house within Tokyo City was 42,240,000 Yen (548,000 USD) – an increase of 2.2% from 2010 and 9.5% from the previous month. For Tokyo’s main residential areas of Shinagawa, Ota, Meguro and Setagaya-ku, the average purchase price was 55,540,000 Yen (721,000 USD) – a decrease of 8.9% from 2010. A total of 46 houses were sold in these 4 areas in September.

The number of new listings for the month totaled 5573 houses – an increase of 15.6% from 2010 and the 6th continuous month of increases.

New houses:

A total of 381 brand new homes were sold in September – an increase of 10.4% from the previous year. The average purchase price was 34,790,000 Yen (452,000 USD) – an increase of 1.7% from 2010, but a drop of 1.7% from the previous month). The average size of the land was 111.55 sqm and average house size was 95.43 sqm (1026 sqft).

Land:

A total of 450 blocks of land between 100 ~ 200 sqm were sold in September. This is an increase of 5.9% from 2010. The average price per square meter for land was 188,500 Yen (2448 USD/sqm, or 227 USD/sqft) – a drop of 2.8% from 2010. The average purchase price for a parcel of land was 27,370,000 Yen (355,000 USD).

The average purchase price for land within Tokyo City was 305,500 Yen/sqm – up 5.3% from 2010 and up 10.6% from the previous month.

Source:
Real Estate Information Network for East Japan (REINS) Market Watch, September, 2011.

www.sribnapidkova.ua/gallery/kovanye-vorota/

https://topobzor.info

www.biceps-ua.com/biotech-brutal-anadrol.html