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Price for Mainland

Emma Starsider
Registered User
Join date: 10 Feb 2009
Posts: 34
12-06-2009 16:21
What happened to the prices on the mainland lately ? I am trying to sell two parcels in a very nice location with wonderful oceanview. I set the prices very low today, but nobody seems to buy. Has anyone the same experience ?

1.
Mainland, Atoll-style, excellent oceanview, really nice ! 1024 sqm for 2995.-

2.
Mainland, Atoll-style, excellent oceanview, right next to the one above 1920 sqm for 5995.-
Alazarin Mondrian
Teh Trippy Hippie Dragon
Join date: 4 Apr 2005
Posts: 1,549
12-06-2009 16:24
No, idea. Your best bet would be to check the existing land sales. Aside from the size of parcel and price, it also give the cost-per-metre which is your best guideline.
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Emma Starsider
Registered User
Join date: 10 Feb 2009
Posts: 34
12-06-2009 16:27
Alazarin, thanks for your replay. Yes, I did that. And my price is below others and actually below the linden auction start price. That's why I am wondering.
LittleMe Jewell
...........
Join date: 8 Oct 2007
Posts: 11,319
12-06-2009 16:27
Nice way to hide a land sales pitch in a forum post.



The entire post could have been made without actually posting the land location.
:rolleyes:
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Emma Starsider
Registered User
Join date: 10 Feb 2009
Posts: 34
12-06-2009 16:30
LittleMe I am not a land seller. I was just wondering if there is something wrong with the land or mainland sales are completely down. Thanks anyway for your answer. /me still wondering what her problem is/
Emma Starsider
Registered User
Join date: 10 Feb 2009
Posts: 34
12-06-2009 16:32
From: LittleMe Jewell
Nice way to hide a land sales pitch in a forum post.



The entire post could have been made without actually posting the land location.
:rolleyes:


If this makes you happy LittleMe, I removed the slurls.
Ciaran Laval
Mostly Harmless
Join date: 11 Mar 2007
Posts: 7,951
12-06-2009 16:37
From: Emma Starsider
LittleMe I am not a land seller. I was just wondering if there is something wrong with the land or mainland sales are completely down. Thanks anyway for your answer. /me still wondering what her problem is/


prices are way down, you can pickup a 512 for less than L$1000 if you look around.
Blot Brickworks
The end of days
Join date: 28 Oct 2006
Posts: 1,076
12-06-2009 16:56
This post prompted me to do a land search for the first time in months.Christ I have never seen land so low ,the bottom has dropped out of the market ,no wonder you are not selling.On the first page I see a 1024 for 1790 WTF. At this rate land will have no value whatsoever.
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Alazarin Mondrian
Teh Trippy Hippie Dragon
Join date: 4 Apr 2005
Posts: 1,549
12-06-2009 17:09
Yes, Raymond Figtree's been following the dead cat bounce of the land market on and off for quite a while now. It dipped below 2L$/metre during the summer but he seems conviced that it was heading upwards again. It's dropped so low that some land dealers had switched off their bots. Definitely a buyer's market right now but not a particularly good time for speculation. However if you're looking for land to use...
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Pussycat Catnap
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Join date: 15 Jun 2009
Posts: 1,131
12-06-2009 18:09
From: Emma Starsider
What happened to the prices on the mainland lately ? I am trying to sell two parcels in a very nice location with wonderful oceanview. I set the prices very low today, but nobody seems to buy. Has anyone the same experience ?


To get a landbot to show up for a 64m plot I needed to offload on Zindra recently I had to set it for sale at 100L.
- Two landbots arrived the moment I clicked the for sale button. One of them was fast, the other faster.
- Norm for Zindra is about 7-15L per sqm, depending.

To get a land bot to buy 32sqm I had to dump on mature mainland recently, I set it for sale for 58L...
- I didn't sell right away, but the next morning when I logged in it had sold.

(I was just slightly over tier limit, so I dropped two bits of prim land I had.)

Those two were micro-plots, which for irrational reasons tend to have a value about 2 to 5 times that of normal sized land around them. Both of them however, were in locations that make them non-viable for rejoining into a normal sized plot (creation of micros from viable land is ARable - but micros that are forced into that definition by the way the Lindens cut their protected land are well... you can AR Governer Linden, and I have, and it will get fixed, but sometimes its just going to stay that way).

My impression from normal sized plots around mainland that seem to move quickly is that bots are only going to trigger if you go down to 1Lsqm -or lower-.
-Otherwise it could take time for a human to notice and go buy it.
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Weston Graves
Werebeagle
Join date: 24 Mar 2007
Posts: 2,059
12-06-2009 18:20
Wow, I'd love to buy even more mainland - that is if I could get SL to run for any length of time on my ailing computer. I wonder if LL will eventually scale back the excess land someday.


.
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Pandorah Ashdene
Registered User
Join date: 13 Oct 2008
Posts: 149
12-06-2009 20:09
From: Emma Starsider
What happened to the prices on the mainland lately? ...

Have a look at http://www.gridsurvey.com/economy.php
Choose "Avg L$ Paid Per Square Meter" in the drop down.
Does that answer your question?
Jig Chippewa
Fine Young Cannibal
Join date: 30 Oct 2006
Posts: 5,150
12-06-2009 22:25
If it's PG it's not worth anything.
The new laws have caused a freefall in value of land for adults. I'm gonna keep my Mimas land (mature) and My jigsaw1 (for sentimental reasons) but why would I want land that only child avatars can use as playgrounds?

It's Zindra for me.
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Jig Chippewa
Fine Young Cannibal
Join date: 30 Oct 2006
Posts: 5,150
12-06-2009 22:27
From: Weston Graves
Wow, I'd love to buy even more mainland - that is if I could get SL to run for any length of time on my ailing computer. I wonder if LL will eventually scale back the excess land someday.
.


It's PG land Weston. It's useless.
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Marianne McCann
Feted Inner Child
Join date: 23 Feb 2006
Posts: 7,145
12-06-2009 22:50
From: Jig Chippewa
It's PG land Weston. It's useless.


Hey, some of us have no trouble at all with PG land. :-)

(and one can do more than playgrounds on them, but still)
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Ponsonby Low
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Join date: 21 May 2008
Posts: 1,893
12-06-2009 23:10
From: Alazarin Mondrian
Yes, Raymond Figtree's been following the dead cat bounce of the land market on and off for quite a while now. It dipped below 2L$/metre during the summer but he seems conviced that it was heading upwards again.


But is he still saying that, now that the new Free 512s for New Accounts continent has been announced?

(I'm guesing: no.)
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Qie Niangao
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Join date: 24 May 2006
Posts: 7,138
12-07-2009 02:18
Actually, I would expect that new continent of prim-bonus 512s to *eventually* improve the land market at the 1024 level. 512s and below, however, are now officially worthless. Well, maybe if they border protected water.

I disagree with the premise that PG land is inherently worthless. To me, it's Mature that took a beating from the Adult content stuff. Yeah, Mature is still okay for residences, but a whole class of commercial applications are gone that used to fill that market, and a significant share of that market had the store on the ground and the living space above (or vice versa)... can't really do that anymore. PG on the other hand is exactly the same as PG has always been.

All that said: I don't see anything LL has done so far that would improve Mainland prices over the short to medium term. I think I can imagine two possibilities, both still over the horizon:

1. A marketing blitz by LL, once Viewer 2.0 is available. Something Blondin said at his Zindra hour last week suggests that LL has been holding off on trying to get large volumes of new residents because they've talked themselves into believing that 2.0 will so increase retention that waiting is worth it.

2. Increasing the premium tier bonus to 1024sq.m. They really, *really* need to do this, soonest. I was surprised it wasn't part of Jack's Linden Homes blog; I think it should have been.
Sling Trebuchet
Deleted User
Join date: 20 Jan 2007
Posts: 4,548
12-07-2009 02:48
I would also think that the Linden Homes thing will end up improving the takeup of Mainland and Estate.
That sort of package should be more attractive to new Premiums. It's far more tangible to a consumer. They get a sort of 'home page' / base.
If implemented and run properly(!!) the scheme should improve retention numbers. I would have found it infinitely preferable to the environment into which i was dumped after passing through OI and HI.

Even if LL don't put a time limit on the length of stay in the Homes, people will begin to want more flexibility in what they can do in their 'home'.
Given that they would have had 117 prims to try their own thing in the Homes, they could opt to move out to a 512. That way, they don't get a price hike as they would if they moved out to a 1024.


On the point of current land prices...
There is a huge amount of yellow mainland. There is an amount of purple. Hidden away from easy view is a considerable amount of abandoned land that is not getting to the auction queue. It's just sitting there.
There are simply not enough people who are interested in buying land. It's not the price that is preventing sales.
A friend of mine disposed of some surplus land last week. It had Protected Linden ocean on one boundary and Protected Linden paved road on another boundary. It went in 1024m blocks at just under 11/m. It took about a week before the last one went. A week for that sort of prime land to sit there!
Less than a year ago, they would have been snapped immediately up even at more than twice the price.
There are not enough buyers in the market.
LL could end the outdated nonsensical thing of Basics not being able to buy Mainland. It wouldn't make any difference. Without fresh blood (so to speak) the land market will largely stagnate. Prime land would continue to move. Even at current achievable 'prime' prices, the US$ cost isn't outrageous.
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Alazarin Mondrian
Teh Trippy Hippie Dragon
Join date: 4 Apr 2005
Posts: 1,549
12-07-2009 03:15
From: Qie Niangao
... Increasing the premium tier bonus to 1024sq.m. They really, *really* need to do this, soonest. I was surprised it wasn't part of Jack's Linden Homes blog; I think it should have been.

Increasing the tier bonus to 1024 sqm might not increase LL's income in the short run, but it would certainly mop up the swathes of yellow on the map which would help drive land prices up (a bit) which, in turn, would feed into LL's coffers. Surely even at a basic level, it would be better to see land in use rather than sitting derelict. It simply looks bad when there's too many patches of mainland with nothing happening other than a 'For Sale' sign and nothing going on.
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Sling Trebuchet
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Join date: 20 Jan 2007
Posts: 4,548
12-07-2009 03:49
From: Qie Niangao
......
2. Increasing the premium tier bonus to 1024sq.m. They really, *really* need to do this, soonest. I was surprised it wasn't part of Jack's Linden Homes blog; I think it should have been.


Yes. A 512 Linden Homes parcel and the knowledge that they could have twice the space outside without a tier jump would be one of the encouragements for people to move on from there.
That would be counterbalanced to some extent by the fact that the Linden Homes 512s had Linden space around their boundaries.
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wrable Amat
Registered User
Join date: 23 May 2008
Posts: 25
12-07-2009 04:48
a year ago I abandoned my land,I have a good chunk on the water.
I tried splitting it up , stating a price or best offer.
Nothing ,the land did not sell.
I kept my main shop on it for a long time.So I made more then I paid for it over time,so I figure be cheaper to abandoned then keep paying trying to sell.

To this day its still in abandoned state and the "for sale " image I put in the description is still there.No one buys land any more.I am finding SL has turned into a huge freebie fest.
I can not remember the last time some one invited me to their new land they bought or a house they built.
I think more rent,it is cheaper and no strings,you can drop it at will and move on.
Marcel Flatley
Sampireun Design
Join date: 29 Jul 2007
Posts: 2,032
12-07-2009 05:01
Since a while I am keeping an eye out for mainland prices, but only half sims or more. And you can actually buy full sims for around 240K at the moment. Half sims are available for 2-3 linden per sqm!
Still my neighbours, the ones holding the other half of the sim I am in, have the land up for sale at 11.3 linden/sqm, resulting in a whopping 350K for a little over 30.000 sqm of land :-) I hope they keep it up for tha price for many months to come! I would buy it at market value, but as long as it is empty it is fine as well :-)
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Lexxi Gynoid
#'s 86000, 97800
Join date: 6 Aug 2007
Posts: 3,732
12-07-2009 06:24
From: Ponsonby Low
But is he still saying that, now that the new Free 512s for New Accounts continent has been announced?

(I'm guesing: no.)

You are joking, yes? Free land for new accounts?
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Lindal Kidd
Dances With Noobs
Join date: 26 Jun 2007
Posts: 8,371
12-07-2009 06:43
Free land, WITH a pre-built home. But you can't resell it, you can't terraform it, and you can't modify or remove the provided house.

I see it as LL competing with their residents again. This time in the low end rental markets. It might help land sales eventually, by introducing more people to the concepts involved in having land...but besides competing with resident landlords, LL is once again making ANOTHER new continent. More land, adding to a market which has already dropped to nearly nothing.

This would have been a good idea five years ago.
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Lindal Kidd
Lexxi Gynoid
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Join date: 6 Aug 2007
Posts: 3,732
12-07-2009 06:46
From: Marcel Flatley
Since a while I am keeping an eye out for mainland prices, but only half sims or more. And you can actually buy full sims for around 240K at the moment. Half sims are available for 2-3 linden per sqm!
Still my neighbours, the ones holding the other half of the sim I am in, have the land up for sale at 11.3 linden/sqm, resulting in a whopping 350K for a little over 30.000 sqm of land :-) I hope they keep it up for tha price for many months to come! I would buy it at market value, but as long as it is empty it is fine as well :-)

There was some land I was watching because it was right next to a place I went to a lot. It was set to sale for maybe 6 months. Hmm, I can't work it out. Wish I recalled size of the plot. I know it was set for at least more than 20 per meter.

I noticed this weekend that it finally sold. Though, of course, I don't know by how much.
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