Mainland Land Prices

What do people think is a good price for mainland these days? The lots in my sim are starting at L$12/m, and although that's a lot cheaper than last winter, I'm thinking it's still too much. It's green land, no obvious griefing builds, but no real strong points either (other than being my home sim). I'm hearing L$7/m, but I'm not sure if that's being bandied about as a get-rid-of-it-quick price, a god-this-sim-is-ugly price, or an average price for average land.

The lowest on the land search is $L8.6 per sq m. I would think 9-10ish should be the price in the sim your looking at. $L12 a square seems a bit high.

Just my $L .02

In my opinion, people sweat land prices way too much. Yes, on a 4096 the difference between 7 or 12L per meter is 80 bucks US, which I agree is fairly significant. But tier eats that up so fast, I think the real question should always be: How much tier can you afford?

Yes, Avion, but this is not insignificant for people on tight budgets, like students. I refuse to pay whopping prices for any land.

$80 is a make or break for me, big time.

Judging by the prices I see when I look, I consider anything 11L per m down to be fine, and anything that's 12L per m up to be a bit too much, although it's common.

I think in terms of how much per 512. Anything under 6000 is ok, preferably under 5000, and 6000+ is too much but common.

Yes, precisely, Bradley and Cristalle. Tier I can budget out over time, and I have plenty of time to decide whether I want to pay it. And whether it's worth it or not is a fairly simple question between me and LL.

Whether any given parcel of land is worth its sale price, on the other hand, is much more complicated. I paid "too much" for my first few 512s, because it was the going rate at the time, they adjoined my first land, and I knew I'd want a 2048 to be happy in SL. So the L$20/m was worth it, at the time.

But any land I buy from here on out is worth much less to me, so I know I'm not going to pay L$12/m, especially not in one lump sum. So when I decide between "don't buy", "buy elsewhere", or "negotiate with sellers", I want to know where I'm standing.

A few months ago, land prices were around $5 or $6L per meter. Recently, I sold beach land at over $21L a meter. In other words, we are entering a high land price era for awhile. LL will likely start dumping sims again so if you wait you may get a better parcel at a better price later. However, until then prices will continue to rise in the short term.

IM the owner and make an offer. You are in a good bargaining position since you can take it or leave it.

I listed some group land L$7.5/m yesterday, within no more than 3 seconds there were over a dozen bots there, and 5 seconds later it was out of my hands, and I believe it's over L$10/m now.

I listed it at that price only as you said, just wanted to get rid of it quick, and boy did I ever.

Even the highest of those L/sqm prices would be better than this:

Some moroon behind me has a 4096 up for sale, it's in the corner of our sim.
Nothing on 2 sides but void for only $250,000L
What a deal!!!

Oh and the guy beside him is a bargain, 1024m for $24,999L

Not that it matters much, but you could have set it a bit higher and had the same result.

Good time for a reposting of the three nevers:

Never set your land to "anyone" unless your really want anyone to be able to buy it. Even if the person you intend to sell it to is standing right next to you and there is no one else on the sim. Landbots are faster than humans.

Never abandon land.

Never set your land for less than .1 per meter below the lowest listing on the For Sale Mainland page. (For example, if the first listing is selling for L$8.6, set yours for L$8.5 a meter. It will sell in minutes).

Yes very true, Cristalle.

But the question looks to me like, "assuming I have the money, should I pay it?" I think the answer has to be "it depends." It's impossible to give price guidelines that apply to everybody. But it's always applicable to ask if you can afford the tier.

If a landlord like you or me gave an example of a plot next door that could make or break the view, would add 900 prims to the business, and wouldn't affect tier in an un-affordable way, but was 80 dollars more than it "should" be, I would say buy it immediately if you had the money.

If Bradley had a plot next door to his shop that he liked, but thought it would increase his tier without really directly increasing his sales, and it was only 7L per sq meter, I'd probably advise him not to buy it.

P.S. I've visited Cristalle's and Bradley's businesses and think both of them do great work! And thanks for the modeling work, Bradley. Everyone loves that picture.

This really depends on how long you intend to keep the land, Rihanna. You of course know your own finances better than I do. But if you intend to hang onto the land, then the one-time cost for a parcel is what you budget over time. So, if you overpay for a plot by, say, 80 dollars, then that cost becomes insignificant when spread over a long period of time that you hold it. Tier, however, you are stuck with month after month after month, and it will further dwarf the exhorbitant purchase price the longer you hold the land.

This assumes you intend to keep the land and generate some kind of business out of it. If you don't intend to keep it for very long, then you're be right: the 80 dollars could easily be worse than the short-term tier increase.

Actually, that wasn't the question, but I appreciate your input anyway. Thing is, I've already decided I can afford to go up in tier (as I said, that's between me and LL), and I can -- and I'm the only one who can -- judge the intangible factors that add or detract value from a parcel for me. But one tangible factor is the average price of land and how it's trending, which is why I asked.

Um, no. I know we were just posting at the same time, so you didn't see my previous message when you posted this, but I'm not asking for anyone else's opinion on my budget or whether a plot will pay for itself over time. And neither I or the others were talking about whether a plot will pay for itself over time. See, I use this funny thing called cash -- I know it's almost unheard of these days, but I don't use credit cards and so I will not be spreading the purchase price out over time. I will be paying for it with money I have on hand. And when you pay for things with real, actual money at one specific point in time instead of plastic debt spread out over time, yes, $80 can make a difference. I have a specific amount of real actual money set aside for land purchase (not tier, that's a separate line item), and whether that amount is several hundred or the hypothetical student's several twenties, when you're dealing with actual money, $80 makes a difference. About 1536 square meters of difference, if my 3-sec math is right.

Whether a plot will pay for itself over time is an entirely separate issue.

Anytime. It was fun.

Sorry Rihanna, I wasn't trying to argue with you, because you seem very nice. And I had no intention of prying into your private finances or talking about cash or credit. I'm just talking purely about the idea of recurring vs. non-recurring cost, and probably not doing a very good job of it. If tier isn't a problem, and the one time price is all you're worried about, fair enough! We can forget about tier and talk land price:

If you're interested in trends or other people's land-shopping experience, I'd say 12L per meter isn't too bad a deal if the plot is attractive to you. I operate in a fairly nice ad-farm-free area of mainland, and I never see anything below 15L per meter these days. I would agree with your description that 7 is more like "get rid of it quick" land.

I wish you well and hope you get the parcel you want.

In mainland Real Estates people tends to overprice stuff and people with personal lands, for exampe 1024 they put it at 73999L just to see if someone buys it.

*********Most of the RE agents cheats you with fake "Unblockable Waterfront" when is not in front of a protected linden ocean, but in front of nothing, when most of the times a new sim will be on auction and you will loose your "unblockable ocean", in those cases they sell 512 sqm at 10.000 / 20.000L**********.

I remeber i bought on september 2007 a protected waterfront (real) at 8000L now they are 13.500L min. So the price has raised a lot.

***What I suggest is NOT buying those fake unblockable waterfronts that I mentioned and that can make the prices get low a little bit.****

as a buyer, it's very hard to find anything "good" under 11m. i have been looking for MONTHS. there are plenty of spots for 8m and 9m.. but they are horrible plots next to busy clubs or ad farms or places that just look quite undesireable... or the terrain is steep and hard to build on.

10m-12m is wut you are going to have to pay for a nice spot.

as a seller, it's very hard to get a quick sale for anything more than 9.5m. less than that if you are desperate and willing to hand it over to bots.

I think 10/m is about right at the moment for a decent flat green spot. That's what I paid recently. Other people on the same sim are trying to sell at 12/m plus and their land's been on the market for months. The sim's not too bad. A few ugly builds and a couple of tiny ad farms but pretty tame for mainland.

i always find humor in those who sit on their land for a long time, holding out for 1m more. i mean, the amount they spend in tier exceeds the profit they are going to make by 2-3m anyway... funny the way people think.

Okay here's a question for you.

I have a 4096 piece of land on a very popular sim with a waiting list for land purchase.

Ontop of this the land has 2880 prims, they call it "triple prim" land.

I'm new to all this so please forgive me if I've stated that wrong.

I'm very interested in selling this land and making a return on my investment.

What would be a good per meter price for this land and whats the best way to get the word out that its for sale?

Thanks for your input!

FaTeke Wottitz

"So shines a good deed in a weary world."
Willy Wonka

It depends what other land they have. In many cases, the ownership or disposal of a piece of land won't affect the tier cost one way or the other.

I thought about selling my land a few days back, and got a realtor friend to look at it, they said it was worth top L$, and that I shouldn't accept less than L$30 sqm. I was shocked at that, especially in the current land climate.

I agree it's in a sensational position, open access to the Linden channel to the old continent from Nautilus, and it's an island, and has a decent amount of water at the front of it opening to the Linden ocean, but I was shocked at that appraisal, not unhappy by any means, but still shocked.

It's also a big lot.. but I was wondering anyone I can go to for an independent appraisal?