Jump in Median Land Price?

It used to be the average and the media were always hovering around 4.6 -- for months and months it was like that.

How are we to understand this jump?

Was that the old medians and averages weren't accurately reported?

We all know that mature is more expensive and PG is less expensive and the auctions have been more expensive as more people come along to bid them up.

Then some barons have to bid past their usual margin then their prices go up in-world.

But 13.58 is such a jump that I can't think what it could be about, even allowing for some new telehub areas.

Who would pay 13.58 on the auction, or even in-world? For what? Not even a telehub?

Perhaps this question can be answered by another. What's the 'N' value for these stats? (population) did they reset? It would take a whole LOAD of high prices to offset months of data that much. Perhaps a glitch!?

Uhhh the average parcel size is 131m2 ? Is that right? Median is 16m2 ? I admit I am pretty clueless but I think that is what that means. Did someone buy and sell a huge number of miro-lots?

There's not enough meta-data out there to draw reasonable conclusions. It sounds to me like LL has begun including land released to the public (which is released in 16sqm chunkettes, if I have my facts right) in those figures, or else they've recently released a whole load of public land after sitting on it for many months.

We really need methodological data on what those figures do and don't include. Failing that, we may just need to wait and see if the figures even themselves out in coming weeks, as the price rise may be an anomally or may be due to methodological changes on the part of LL.

And really the median figures are worthless without population figures. LL should come up with some abbreviated population figure they free comfortable with releasing to the public. Perhaps number of people who actually own land wouldn't compromise their privacy too much. It would certainly be an enormous aid in making sense of the land sales figures.

Maybe the transactions from the preview grid were mistakenly included ? There were a lot of micro-plots there.

Everything that can be "gamed" in SL seems to have been, or at least attempted. Land price manipulation wouldn't surprise me in the least.

Even without the data a median of 16m^2 seems pretty unlikely. Since 16m^2 is the smallest lot you can make it means that over 50% of all land sales were in 16m^2 plots! It also tells us what the mode is...

That seems hugely unlikely to me, unless this is a 'perverse' data set - for example reset and counted after they'd just sold a shed load of tiny plots. I strongly suspect that the median price comes from the same place. 6.25X16=$100, which I might pay for a 16m^2 plot without stopping to think too much.

As others have commented this data could do with more information to be useful. However a little thought can show that the data are really skewed, so treat them with a LOT of caution.

That sounds right. Maybe with all the lb v2 land scanner crap lately, frustrated people actually bought the 16m2 plots for their inflated prices (usually over L$1000 per plot.)

It's supposedly a 7 day trailing average.

The figures just have to be wrong.

All the land I have acquired during the last month in the newer sims has been in the L$8-L$10 sqm range (lots sizes between 512 and 18432.) So yes, I think land prices are creeping up, at least in the newer sims.

As far as the Linden stats... I have never been able to match them with real world prices, plus they are easily skewed (not necessarily on purpose), so I personally don't seem as an accurate indicator of real land prices.

Tito

Are these based on square meters, or on plots?

For example, given these sales:

512 sold at $4
512 sold at $4
1024 sold at $5

Is that 2 at $4 and 1 at $5, or is that 1024 at $4 and 1024 at $5?

Its labeled like the latter, but I wonder if it isn't actually the former. Anybody know?

Buster

A parcel sold at auction for $10,001 a few days ago. It was clearly a fat finger blunder since bidding was around $100 just prior to this generous offer. Still, it stayed on the completed auction site for the normal period and may well have had an significant impact in a seven day window. If land values don't drop back down after a week then, in the words of Roseanne Roseanna-Danna, nevermind.

Good catch, Margaret. I saw that as well, it hadn't occured to me that it might disrupt average value.

Hopefully, LL won't release land based on that figure.

Sorry Margaret, that was Emily Latelier who said nevermind. She was the little old lady with the glasses Gilda Radner played and she always getting things mixed up.