Quote:
Originally Posted by Sausage
I thought domaining took a big hit during the GFC? Sure saw prices on big time domains taking huge hits.
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It did, and a lot of domainers who were more lucky than good probably went out of business. My business did take a hit but I've stayed afloat and it's been picking back up rather well over the past several months. Recently the highest sale of a domain ever occurred (Insurance.com) and in general there's been quite a few high sales over the past year especially...the market did take a hit but it's been coming back for sure.
The $x,xxx to $xx,xxx price point is where things took the biggest hit I think...there's always a market for $xxx and lower (which is primarily what I deal in) and $xxx,xxx and higher covers fairly one-of-a-kind category killers which are sought after well enough for them to sell sooner or later. A lot of owners of such names that have them for sale own a lot of them and can afford to sit back, ask what they're asking and wait for it to come.