The real estate market may be facing a real tough time these days, but the market for virtual real estate properties, the domain names is flourishing with people making heavy investments in acquiring prized premium domains.
According to DN Journal, domain sales worth $38,029,543 were reported In the first quarter of 2008, which is a 78% increase over the $21,253,105 in domain sales reported for the first quarter of 2007! The average sale is reported to be with average sale at $10,103 and the total number of reported sales was 3,764.
Amazing… I would say 🙂
The largest sale reported was that of the $10 million sale of Fund.com during the first quarter of the year! Other prominent sales included $2.6 million for Pizza.com and $1.7 million for DataRecovery.com
I am thrilled with this all. Seems like I am in the right business after all 😉
Domain Names Portfolio 
[…] domain name sale is yet another example of how the business of domaining is on a roll with the booming virtual real estate market. A few prominent sales reported earlier this year include the $10 million sale of Fund.com, $2.6 […]
[…] domain name sale is yet another example of how the business of domaining is on a roll with the booming virtual real estate market. A few prominent sales reported earlier this year include the $10 million sale of Fund.com, $2.6 […]