Fujikawaguchiko’s transaction data points to a thin but higher-priced market for buying premises. In 2025, the median house transaction reached ¥40,000,000 and the 5-year house price CAGR is 40.91%, but only 15 houses traded last year, equal to 0.575 transactions per 1,000 residents. In short: prices have moved up sharply, yet deal flow is limited.
This profile suits buyers who can work with scarce listings and a wide spread between standard and older stock. The older-house median is much lower at ¥12,000,000, while the akiya proxy ratio is 0.1333 and the vacancy rate is 16.09% with 2,100 vacant homes, suggesting some distressed or underused stock exists in the background; however, the akiya mobilization ratio is just 0.00095, so very little of that vacant stock appears to be turning into transactions. Demographically, this is not a fast-churn local market: 26.3% of residents are 65+, day-night population is 0.99, and net migration is only +29, so it may fit patient owner-operators, relocators, or family-legacy buyers more than buyers who need frequent comparable sales.
The main caveat is that these numbers are volatile because the market is small. Annual median prices have swung from ¥7,200,000 in 2020 to ¥24,000,000 in 2022, down to ¥9,000,000 in 2023, then up to ¥29,000,000 in 2024 and ¥40,000,000 in 2025, so one year’s median can move a lot on a small number of deals. Affordability also looks stretched on headline houses, with a price-to-income ratio of 10.59 against average taxable income of ¥3,776,266, and the vacancy figures are from 2023 while income and migration are from 2024, so not all indicators are from the same year.