Horizons land auctions: final round-up

The Horizons land auctions having finished

Horizons: rounding-up the land auctions

On Tuesday, November 15th 2016, the Lab launched the Premium members’ Horizons community, a “retro-futuristic” mainland environment featuring 36 residential regions each with 24 parcels available for auction to Premium members, with auctions commencing on Friday, November 18th 2016, with parcels being auctioned in batches of (generally) 10.

Obviously with 864 parcels to auction, it would take some time to get through things, but Whirly Fizzle and I decided to monitor things to see how they progressed, and I gave a brief snapshot at the end of the first week of auctions, and another when the auctions reached a half-way point.  The final lots of parcels was auctioned on the 12th-14th February, and given this, I’d thought I’d round-out the updates with an overall look at things.

All L$  / USD figures are approximate and based on available data. Some approximations have been made using the average parcel price for a region if the actual bid price was missed in collating data (applies to a total of 8 parcels across 864). The US dollar figure is based on a rate of L$260 to the US dollar.

SUMMARY OF AUCTION BATCHES AND TOTALS
Batch
No. Regions
No. Parcels
Total L$
Total USD
Batch 1 10 240 8,744,976.00 33,634.52
Batch 2 8 192 4,304,186.00 16,554.56
Batch 3 8 192 3,334,978.00 12,826.84
Batch 4 10 240 4,489,691.00 17,268.03
TOTALS
36
864
20,873,831.00
80,283.95

Note: a total of 4 regions have been re-auctioned; however, two may have been re-auctioned as a result of original bidder defaulting on payment, as the parcels were apparently re-auctioned without being claimed. If the original payments were made, then a further L$59,131 / approx US $227.42 should be added to the appropriate totals.

Unsurprisingly, this batch of auctions drew the highest bid prices, due in part to the fact that two of the region – Horizons Apollo and Horizons Pandora – have genuine access to sailable open water – the open water to the west, north and east of the Horizons regions currently represent the grid edge, and is not accessible.

Both Batch 1 and Batch 2 were part of my half-way report, and since then, there has been some juggling between those parcels initially put up for sale, those initially offered for rent, and those offered for either rent for purchase.

For those interested in a more granular breakdown of auctions by batch / region, a complete set of tables is available here. The following tables provide a breakdown of parcel usage, based on original bidder’s actions with the parcels they obtained.

GENERAL STATUS OF PARCELS – ALL REGIONS, 864 PARCELS
Parcels Obtained For
Auctioned Sale Rent Either Comm. Private Unkn Re-auct’d
Batch 1 240 100 59 13 4 17 46 1
Batch 2 192 57 55 24 7 13 35 1
Batch 3 192 101 15 37 2 11 26 0
Batch 4 240 69 57 17 5 10 82 0
TOTALS 864 327 186 91 18 51 189 2

Notes

  • Comm = obtained for commercial use
  • Private = obtained for residential or group use
  • Unkn = those most likely obtained for sale / rent but which either have not (as yet) been offered for either / do not appear to have been made available (parcel holders did not respond to enquiries)
  • The re-auctioned parcels are limited to those were a second payment for the re-auction amount can be confirmed. As noted above, two other regions re-auctioned may not have been paid for by the original bidder prior to being put back up for auction. These are currently available for rent, and have been classified in the Batch 2 rental figures.
SNAPSHOT OF PARCELS OFFERED FOR SALE BY ORIGINAL BIDDER
Total for Sale Unsold
Commercial
Private
Offered for re-sale / rent Withdrawn from sale
327 180 23 31 81 12

Notes:

  • “Offered for re-sale / rent” indicates parcels purchased from original bidder and offered for sale / rent by purchaser
  • “Withdrawn from sale” indicates parcels initially offered for sale by bidder, but then set to  “not for sale” & with no indication they are available for rent.
SNAPSHOT OF PARCELS OFFERED FOR RENT BY ORIGINAL BIDDER
Total Offered for Rent Available for Rent
Rented Commercial Rented Private
186 157 12 17

 

SNAPSHOT OF PARCELS OFFERED FOR SALE OR RENT BY ORIGINAL BIDDER
Total Offer for Sale / Rent Available
Sold Rented
91 64 10 (5 on resale) 17

Notes:

  • Of the 10 sold, the 5 not up for re-sale have been sold for commercial / private use
  • The 17 rented parcels represent a mix of commercial and private use

General Observations

General interest in Horizons appears low – however, this many change now the auctions have finished. Currently, most of the land sales which have occurred post-auction have been between those land resellers / renters originally bidding on the parcels, rather than onward selling to those interested in using Horizons as either a home or a business location.

Sale prices across the  regions appear to be settling into the mid-20K through mid-40K range, although some – notably those with direct open-water access  (as opposed to river / canal access) or perceived water access can carry a premium. Rentals appear to remain at low ebb. As noted previously, this could be down to a lack of direct promotion by those offering them for rent.

Of the 189 listed as “unkn”, almost all are held by those selling and / or renting parcels, so it is not unreasonable to anticipate these being made available for sale / rent if / when current offerings are sold / rented.  One of those holding such parcels did confirm they would be offered for rent, but declined to indicate when.

Those interested in Horizons parcels – whether to purchase (Premium) or rent (anyone), should tour the regions with care. A number of parcels are offered for rent / sale offering boat docking where this is not strictly accurate (e.g. the parcel doesn’t directly join water, or the water it faces is actually off-sim). The regions are also unzoned, so judging how well they may keep to the desired theme is hard to quantify. There are a number of decidedly “non-sci fi retro” buildings across the regions, but many of these are place holders, and should be seen as indicative of the overall region styling.

Advertisements

3 thoughts on “Horizons land auctions: final round-up

  1. Kyllein MacKellerann

    There are some shops there already and I’ve been there. I did some wandering around and, well, the place reminds me of a Jetson’s episode; and not a particularly good one. Why does Linden Labs keep making cartoony residential builds when there is plenty of evidence that the Moles can do a lot better. Hopefully with the spacing in this build the “confine chat to lot” will work better. It’s annoying to have to whisper all the time.

    Like

    Reply
  2. Taylor

    “General interest in Horizons appears low” — can you be sure it’s low interest and not more due to people being priced out? I would have loved to live in Horizons but I can’t justify spending ~$90 USD on a parcel so I didn’t even bother bidding. And while this is admittedly only anecdotal, I can say that the same goes for a bunch of my friends too.

    Like

    Reply
    1. Inara Pey Post author

      You’re right insofar as the level of interest among Premium members is concerned – it is, to a point, hard to determine overall interest.

      However, I base my observations on the number of factors. The first is that overall, and remembering the 2x object bonus, the auction prices for batches 2 through 4 were not overly excessive ($72-$85, depending on location). As such, the home / investment potential is there – albeit is something of a gamble. So in that respect, it really depends on how people viewed the parcels during the auctions.

      Secondly / more particularly, my observation is based on feedback I received / read in various forum threads about people being more put off by the fact that while themed, the regions are without any covenant to help maintain the theme / encourage the community feeling. some also (albeit perhaps mistakenly, given the supplied houses can be removed / replaced) objected on the basis of the supplied house designs.

      Thirdly, some 186 parcels were made available for rent, with a further 91 offered with a rental option. These are technically available to Basic members as well, as they are leasing from a land holder. However, with only 46 thus far rented, interests seems (at this point) to be low – although as noted in the article, this could simply be down to lack of promotion by those offering the parcels for rent.

      Things may obviously change over time. If a nucleus of a resident community comes together within Horizons as has been the case with Bay City, then I would actually expect there to be something of an uptick in interest in Horizons (although Nautilus also stands as a possible counter to this). Hence why perhaps the important word in my observation is “appears” 🙂 .

      Like

      Reply

Have any thoughts?

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s