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Originally Posted by pcproffenno  The prices of domain names are definitely on the rise again.
Let's use LLL.coms as an example; in Feb/March/April you could find LLL.com's at the $3k mark and below, you could even see some LLL.coms sell for $2,xxx ! Now the minimum prices seem to pick up towards $4k again and you will have to work your hat off if you're planning to pick up LLL.coms at low $3,xxx anymore.
Long-term I see no reason why .COM domains shouldn't keep increasing in value. The only reason we've seen such a drop in the last few months is because that the global recession has finally caught up with the domain name market.
I believe domainers are more confident, with more guts (and bigger balls) than other investors and therefore the domain market is the last to crash and the first to recover after such a recession. |
some may see prices on the rise, but probably missed the fact that they were overpriced in the first place.
before the mortgage, bank and stock failures, LLL.com values were doubling in some cases and many names that were previously sellling for $1K > $2K suddendly jumped up to $4k and $6K.
these prices then fell back down to the $2500 > $3500 range and to this day still haven't climbed back their previous peaks.
i agree partially with Mike031 about LLL trading among newbie domainers, because i've seen many of these circulate from domainer to domainer over the years.
the LLL.com has become a "status" symbol of achievement for many "entry-level" domainers.
but after you've owned and sold a few...then the thrill passes.
you move on to bigger and better usage names that have a wider range of appeal to the end-user market.
imo...