#At Home #Used Condominiums #Tokyo Area

Price Trends for Used Condominiums in the Tokyo Metropolitan Area

According to a recent survey conducted by At Home Inc., a real estate information service, the average price of used condominiums in the Tokyo metropolitan area has reached an unprecedented level, standing at ¥47.12 million. This marks the 12th consecutive month of price increases compared to both the previous month and the same month last year, highlighting a significant trend in the real estate market.

Key Highlights

• - The average price of used condominiums in the metropolitan area is now ¥47.12 million.
• - This figure has risen for 12 months in a row when compared year-over-year.
• - All eight areas surveyed showed price increases for three consecutive months compared to the same month in the previous year.
• - The average prices in Tokyo (including the 23 wards and its surrounding areas), Yokohama, Kawasaki, and Chiba have all reached their highest levels since January 2017. Notably, the price in the Tokyo 23 wards has seen an incredible increase, with a year-on-year rise of 34.9%—the highest since data collection began.

Survey Overview

The data used in this analysis was gathered from the real estate listings available on the At Home website, focusing on properties registered for consumer access. The survey covers key areas, which include:

• - Tokyo (23 wards and outskirts)
• - Kanagawa (including Yokohama and Kawasaki)
• - Saitama (including Saitama City)
• - Chiba (western parts, including cities like Kashiwa, Matsudo, and Urayasu)

Categories Defined

In our analysis:

• - Properties under 30 square meters are categorized as