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Source : moreover / More : Domain Market - (18 April 2008 22:51)
The real estate market may be languishing, but Web properties -- domain names -- are booming.
In the first quarter of 2008, $38,029,543 in domain sales were reported, a 78% increase over the $21,253,105 in domain sales reported for the first quarter of 2007, said Ron Jackson, editor and publisher of DN Journal, in an e-mail.
"In the first quarter of 2008, 3,764 sales were reported to DN Journal, making the average sale reported $10,103," said Jackson. "In the first quarter of 2007, 3,086 sales were reported to us, but the average price was only $6,886. For all of 2007, 13,888 sales were reported to us, and the average sale for the year was $8,698. So 1Q-2008 showed a significant rise in both average sales price and total dollar volume reported."
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