Break Open Those Piggy Banks

By SL Hak

So how much does a 512 SqM lot on Mainland now command? A quick search of LL Land Sales displays the lowest priced at L$2,100, that's L$4 per SqM. How about paying L$120 per SqM? That's what a recent lot reached in a LL auction, beating off 43 others in the process. This lot was located in prestigious West Haven, but still represents a considerable investment for such a small piece of land. Don't worry if your a little depressed in not getting in on the action, a quick search on Mappa Novus has identified that there are another 8 lots for sale, they'll cost you a little more with the cheapest at L$84,500 equating to L$165 per SqM.

Bart Heart on SL Land

By SL Hak

Bart Heart is the CEO of Bart Heart Estates and Valentine Heart Inc., he's a respected estate owner with 40 sims in his stable. I am just a poor scribe, homeless and seeking to learn from those that have been there, seen it and still prospering. So as I see it LL has flooded the market, by releasing large quantities of sims, they then reduce the estate purchase price creating an even greater demand for regular sims and Openspace. LL are now busy marketing the Bay City sims, a nine strong group of sims, which is as a close that LL is likely to get to estate management. All of these reasons combine in squeezing the estate owner, how far they are pressured and how they'll react is what I'd like to know. So this is my simplistic view of the problem, am I right? Bart Heart was kind enough to address my concerns and explain what he sees.

From the Second Life Blog :

 Quarterly Land Supply and Island Pricing Update

Monday, April 7th, 2008 at 5:25 PM by: Jack Linden

 As with my previous quarterly posts, here is an update on land, including supply, average prices, abandoned/defunct land and pricing information relevant to Q2 of 2008.

This is a little later than I’d have liked, mainly due to one of the items, Island Pricing, needing a bit more time to finalize. I’ll come to that part shortly. It’s a long post, so join me after the cut..

Land Supply

The average Mainland price has risen steadily over the first few months of 2008 and now sits at around L$11.5 per meter (with a median price below L$10 per meter). These figures exclude L$0 transactions, group transactions and any that involve Governor Linden such as auctions.

On average around 640,000m are traded between residents each day, with a further 410,000m traded to or from Groups. In total then, that’s around 1,050,000m or 16 regions worth of land traded daily on the Mainland estate.