Greater Tokyo existing condo sales continue surge in February 2025
- Adam German
- Mar 11
- 2 min read
On March 10th, the Real Estate Information Network Systems (REINS; pronounced “rains) released the February 2025 Greater Tokyo Area (GTA) report showing that the existing condominium market continued its upward trend, with sales agreements rising 23.9% year-on-year (YoY) to 4,152 units.
Shirokane the Sky Tower E 39F - for sale now. Click here for more details.
This marks the fourth consecutive month of growth and the second straight month of double-digit increases, indicating strong demand despite a shrinking supply of listings.
Sales Growth Across the GTA Region
Breaking down the figures by prefecture:
Prefecture | No. of Condos Sold | YoY % Change |
Tokyo | 2,304 | 29.4% up |
Kanagawa | 951 | 24.5% up |
Chiba | 445 | 5.2% up |
Saitama | 405 | 22.0% up |
Tokyo’s 23 wards led the surge with 1,899 units (+31.1% YoY)
Prices Continue to Rise
The average price per square meter for existing condos in the region rose 4.8% YoY to ¥791,400, marking the 58th consecutive month of price increases.
The average sales price per unit reached ¥49.85 million (+2.6% YoY), continuing its upward trend for the fourth straight month.
Other key metrics:
Average unit size: 62.99 sqm (-2.1% YoY)
Average building age: 26.04 years (+2.84 years YoY)
Declining Inventory
Despite strong sales, new on-market listings fell 7.3% YoY to 15,507 units, marking the 12th consecutive month of declines.
Total inventory dropped 5.1% YoY to 45,214 units, continuing a 10-month trend of year-on-year decreases.
Own Tokyo property? Even if you aren't looking to sell now, a free market appraisal can give insight into what your home is worth. Click here to learn more.
GTA Single-Family Homes Market Also Sees Strong Gains
The existing single-family home (SFH) sector also saw robust growth, with 1,690 units sold - a 44.8% YoY increase from February 2024.
Regional highlights:
Kanagawa: Nearly 60% YoY increase
Chiba: Over 50% YoY increase
The average SFH sales price remained stable at ¥39.2 million (+0.6% YoY).
Further Reading:
REINS February 2025 Greater Tokyo Area Residential Property Sales Trends (Japanese only; provides more granular and historical data than outlined above)
Source:
R.E. Port News (Japanese only)
