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Canadian ccTLD Takes Top Spot on New Domain Sales Chart While Investors Ponder Market Prospects  

The past couple of weeks have been interesting ones with some competing forces at play that may affect how well the domain aftermarket performs for the rest of this year. Today (September 21) the U.S. Federal Reserve hiked the interest rate by three-quarters of a point for the third consecutive month (other governments around the world are taking similar steps in an effort to fight inflation). These increases have pushed mortgage rates to levels not seen since 2008 and, as expected, is slowing the pace of home sales dramatically in most markets. 

Many view domains as "digital real estate" though there are some major differences between the two (for one, every domain

name is unique). So, the question is, will the rate hikes cool off what has been a hot domain aftermarket? It's too early to say but while we saw a lot of solid sales over the past two weeks, none of those that were publicly reported reached the $50,000 mark. Of course, the past fortnight included the Labor Day holiday and the closing days of summer.

That brings us to the other competing force I mentioned - the calendar. The summer of 2022 (which officially ends today, September 21) was a strong one overall, but slow stretches do occur with so many people away for vacation, moving, getting ready for a new school year, etc.  The fourth quarter is usually the one that everyone looks forward to for a pop in domain sales. As we get ready to begin the 4Q run down the stretch, will the historic high demand in that time frame offset considerably higher costs to borrow (and to buy almost anything given current inflation rates)? It remains to be seen, but we will almost surely have some clear answers by the time we reach the Christmas holidays this year. 

My view is that it is still far easier and more cost efficient to do business online than anywhere else. No need to for customers to buy gas to go shopping there either. Even if domains are negatively affected (and they certainly could be if money gets too tight) I would expect our sector to continue to be one of the best performers relative to most others in the overall economy.  

Now - let's get to the latest sales! Ilze Kaulins-Plaskacz at ExcellentDomains.ca gave Canada's .ca ccTLD a nice turn in the spotlight by disclosing the C$62,475 (US$46,856) price she received for MA.ca, the domain that sits at #1 on our latest bi-weekly all-extension Top 20 Sales Chart. The next two spots went to Sedo where GroupSocial.com sold for $33,000 and, in the top non .com gTLD sale, QR.org went for $24,999. Two more ccTLD sales followed with IT.com expanding their collection of "IT" country code domains with a $20,000 acquisition of IT.com.br and DaaZ.com selling Indian ccTLD Rise.in for the same price. DaaZ also sold #18 (tie) OpenLearning.in for AscendDomains at $15,000 to help the ccTLDs pile up six chart entries in one of their best outings of the year to date. Another notable one from that group hit the top ten - Andy.co.uk's 16,632 ($18,960) sale of #7 ET.uk through Dan.com.

 

 

 

 

 

 

 

           By Ron Jackson

Speaking of ccTLDs, we don't hear a lot about sales being made in the important Australian aftermarket, so it was interesting to see a post on George Kiriko's FreeSpeech.com blog Monday about Banxa selling a package of three crypto-related domains and sites in a deal valued at AUD $3 million (nearly $2 million USD). Check out George's article for the details on that transaction.

At the same time the ccTLDs were enjoying their time in the sun,  the .coms went about their usual business of locking up the majority of chart entries, claiming 14 of the 22 openings overall (the extra spots resulted from a five-way tie for the final position). Sedo posted nine of the .com sales and swept 11 places overall. SnapNames added three more with sister site NameJet bagging two.

Here is how all of the sales leaders stacked up for the two weeks ending Sunday, Sept. 18, 2022:

The DN Journal Top 20 
Highest Reported Domain Sales - Mon. Sept. 5- Sun. Sept. 18, 2022
(Foreign currency to U.S. Dollar Conversions Based on Rates in Effect Sept. 21, 2022)

 

Domain

Sold For

Where Sold

1. MA.ca C$62,475 = $46,856 ExcellentDomains.ca
2. GroupSocial.com $33,000 Sedo
3. QR.org $24,999 Sedo
4.
tie
IT.com.br $20,000 Pvt Sale
4.
tie
Rise.in $20,000 DaaZ