What happened to land prices?

Yesterday when I logged in my little house was all gone. And for some odd reason I found myself with a LOT of lindens. Apparently I had set my land for sale at some point at a fairly ridiculus price. And finaly someone bought it. *YAY*

However when I went out searching for new land I noticed that prices were really really low. between 8 and 9L/M

Last I checked it was bordering 20L/M. So what happened?

Finally reasonable prices.

LL has been opening a ton of new sims in the last month or so, meaning there is a lot more supply.

I've also heard that new registrations are slowing down. I haven't confirmed that, but if true, that means less demand.

More supply + less demand = lower prices!

Hopefully they will keep this up. Of course tier is still the same price, so LL gets my money one way or another.

Someone might have particularly wanted your land either to join to their own, or if they own other land in the same sim, to give them more prims to play with.

Well, Im happy.

I got the same amount of land I had before in a nicer looking sim with less lag and a lot of Linden to play around with. ^^

Congrats.. maybe u can make more moneys if ur parcel set at higher price..

What happened is that the active population of SL has more or less stopped growing: the second figure down you see when you log in, the logged in last 60 days, has been around 1.6 to 1.7 million since the start of the year. I have noticed the 3rd figure, the number currently logged in has recently jumped so we may have a slight jump in active users now. And the number of premium users has continue to grow although not dramatically. But the general picture has been a slow growth in active users but a continuous increase in supply by LL churning out the same number of new sims per day as they always have. Which makes sense as their stated policy on land prices is that they should be lower than they are even now. If you check out my site at http://www.sllandlist.com you'll see a graph showing the number of plots of land on sale increasing by 50% in the space of little more than a month recently. My personal experience is that its very hard to sell land right now and often it will be sold by negotiation lower than the advertised price.

Another factor which will cause a drop in land prices at the moment is that LL have taken action to ban landbots (see here: /327/0d/184600/1.html). This will cause the floor of the market to drop as landbots have hoovered up plots on sale below this floor and put them back on the market at the floor level.

However the change in support policy that LL are bringing in will make premium memberships much more attractive which will cause a spike in premium membership numbers and create a larger group of people who can now buy land so this will probably cause prices to rise again temporarily.

*is ready to start buying land again...prices...are...almost...reasonable*

Check this thread out. It explains why prices went down. Basically it's because LL dropped a new continent's worth of land.

http://forums.secondcitizen.com/showthread.php?t=9628



This will not affect land prices. All land barons do what you are describing, Christian. The cracking down on landbots will only affect WHO is making money on land and should not affect prices much. The best thing about the crackdown is hopefully incidents of people getting their mistakes stolen and not returned by one particular bot runner will cease.

They went down.

This is amazing in closed auctions. 512 Square meters went for L$51,914 I guess they wanted it really, really bad. I guess that shows you people will buy anything even if the price isn't right.

The purchaser of the land might have been drunk or otherwise experiencing chemically induced bad judgement.

Or maybe their cat jumped on the mouse at the wrong time. Bad cat!

As a land owner myself that sounds like bargain price to me

Meh, I remember when there was public mainland that you could just claim for L$1/m. And there was a lot of it, so you had your pick!

In a free market, the price is always right, if someone pays it. That is the beauty of freedom.

Prices are going up BTW for those who are trying to time things to buy at the lowest.

Yes, yes, yes!
Prices are ROCKETING.
Quick , quick - spread the word!

Qui.....Q..


Oh!

They've gone down again.

"Oh look, a gift horse! Let me just take a peak in it's mouth."

No, Trollbucket, there were few sims to auction over the weekend and none in the auction queue at all now, so prices are slowly and steadlily creeping up.

I have no land for sale and have nothing to gain by reporting the facts. What do you have to gain by posting your sarcasm and disinformation?

http://secondlife.com/auctions/

Can't help but get the impression that you're taking things ever so slightly too seriously.

That impression is completely false, Trollwin.

Just kidding.

lol... i think it's about time that the SL land value will be stabilised for a certain periods of time,,, till those people give up on SL,,, then,we can able to start to grabing cheaper land again.

Wat u think?

It is pretty stable. It goes up and down slightly based on how many auctions are in the queue which has LL controlling the base price. Watch prices go up slowly over the next two days since there is nothing for auction and then see it level off as they add more sims to the list.

As far as people giving up on SL, there is still a population increase. I would not wait for people to leave the Grid. Instead, wait for a day when they dump 40 sims at once to auction.

yup, u are right... thanks for you view. I still quite new in SL. Thus, wanted to know more about owning a land. In second thought, what it's really matter is the time spend in SL which i may not have

Thanksssss

Yeah, now's the time to buy with all the sims being added. I just bought a 1024m spot for a good price...compared to what I had seen for the last year.

Sucks to be a land baron right now!