Prices rose 11.8% and transaction volume also increased
East Japan REINS data show 354 resale condominium transactions in Tokyo's Tama area in July 2026, up 3.8% year on year. The average completed price increased 11.8% to ¥37.95 million and the average unit price climbed 10.5% to ¥584,400 per square meter. Average floor area was 64.93 square meters, up 1.2%, and average building age was 28.57 years. In the same month, transaction volume in Tokyo's 23 wards fell 17.2%, meaning the two parts of Tokyo moved in opposite directions in terms of completed sales.
Price levels and living space differ sharply within Tokyo
The ¥37.95 million average in Tama is far below the ¥77.57 million average in the 23 wards, while the average Tama unit is larger at 64.93 square meters compared with 56.18 square meters in the wards. Commuting time, station accessibility, redevelopment and railway-line reputation all affect values, making a single 'Tokyo condominium' category misleading. Owner-occupiers can obtain very different floor areas with the same budget, while investors face different relationships between acquisition prices and rents.
Tama can broaden options for overseas buyers, but liquidity remains local
International buyers often focus on Tokyo's central wards, but Tama can be relevant for owner occupation or longer-term residential leasing. A lower acquisition price and larger floor area, however, do not automatically translate into high investment liquidity. Demand differs substantially between stations and railway corridors such as the Chuo, Keio and Odakyu lines. Buyers should assess walking distance to stations, commuting access, local population, rental demand and recent sales in the same building. Whether July's strong price and transaction performance persists will be an important point in subsequent monthly data.