Escrow.com Have Seen a 61.6% Increase in Total Domain Name Volume This Quarter (1 Viewing)

We have seen a 61.6% increase in total domain name volume on Escrow.com this quarter,
growing from $80.3M in 4Q22 to $129.8M in 1Q23.
A resurgence in domain names sales was seen in 1Q23 as the total volume was at its highest
since 2Q22. Several “mega” domains, including Chat.com, Prompt.com and NewYork.com,
were seen in the first quarter of 2023 and are expected to continue throughout the year.
Aside from the “mega” domains, “.ai” domains hit their peak in 1Q23 by reaching a total volume
of $1M as interest grows for artificial intelligence services. With the AI revolution steaming
forward, this trend is also expected to continue to grow in 2023.
Looking globally, there has been a significant increase in the value of domain name transactions
from the United States and the United Kingdom, which have gone up in value from $57M to
$87M, and $8M to $22M respectively in 1Q23. The median price of two and three character
.com {a-z,0-9,-} domain names saw a slight increase as it went from $32.5k to $36k in 1Q23.
The median price of six character domain names recovered from 4Q22 as it increased to $5,000
in 1Q23.

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Q1 2023 - Escrow.com Domain Investment Index.pdf



source: DomainGang.com

Notice Canada is way down.

DomainRecap said:

Notice Canada is way down.

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not for me

rlm said:

not for me

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Same here but I rarely use any service or escrow.

Also there is a more trust among Canadians so I don't think Escrow is an accurate marker for our market.

MapleDots said:

Same here but I rarely use any service or escrow.

Also there is a more trust among Canadians so I don't think Escrow is an accurate marker for our market.

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Agreed. Excellent month for me and since I don't count money until its in the bank, June will be off to a good start with at least one cash sale, another godaddy broker lead hanging in the balance, and a new $300/mo payment plan starting June 1.

Regarding Escrow, I do get the occasional one that at first asks for some sort of escrow, but that is mostly a result of using a lander that doesn't identify myself personally, and thus the trust issues begin. If I use my own lander, the trust issues go away for the most part. And I always offer to use escrow if they want, and I tell them its a great service and the fee is fairly nominal, but its the friction of signing up and getting verified that pushes 99% of them back to just me invoicing them and them sending me an e-transfer. A public whois helps too, but just to keep the peanut gallery guessing, I tend to let my TBR purchases stay under privacy for a bit, but then eventually transition them back to public whois. Some people definitely contact me directly through whois and don't fill out a landing page form. I prefer they fill out the form instead of direct email, but the benefit of public whois outweighs that negative.

rlm said:

not for me

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Things are heating up nicely.

I got a couple of Afternic inquiries (I know, I know) but I decided to go to the Broker section to check it out and I almost spit out my Diet Coke when I saw the initial offer on one.

Since I'm back on a roll, I decided to do my best to hamstring it by cranking my BIN price even higher than the offer. LOL

I'm a night owl, so I truly hate it when I get early morning phone calls from those damn east coasters... But I had to forgive him this time since he called to offer me $10K. June is already a good month and its still May!

Congrats RLM and hopefully your good luck filters down.

DomainRecap said:

Congrats RLM and hopefully your good luck filters down.

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yeah, sometimes those old ice-cold leads come back to life, this was one of those. The guy had initially started an escrow transaction last November from a bodis lander with a buy now, but never paid so it timed out. I followed up and we went back and forth for a couple of days and then he ghosted. Fast forward a few months and he's back from the dead and ready to proceed.

It sounds like things have picked up for you, so maybe more are noticing the same. But that's domaining, there's lots of ups and downs and the only way to smooth that out is with scale.

rlm said:

It sounds like things have picked up for you, so maybe more are noticing the same.

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I had a horrible March/April, but May has been good and if any of these leads pan out June will be good too.

I should have just taken the offer at Afternic, but what the hell, I'm stocked up on KD.

DomainRecap said:

I had a horrible March/April, but May has been good and if any of these leads pan out June will be good too.

I should have just taken the offer at Afternic, but what the hell, I'm stocked up on KD.

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A big sale almost always requires:

1. patience
2. the balls to reject some really nice offers first.

Already having the pantry stocked and the upcoming 6+ months of renewals already completed sure helps with both.

rlm said:

Already having the pantry stocked and the upcoming 6+ months of renewals already completed sure helps with both.

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Yeah, I think I heard about that.

DomainRecap said:

Yeah, I think I heard about that.

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lol, yes, I'm pretty sure I know exactly what you are talking about. Sorry about that.

rlm said:

lol, yes, I'm pretty sure I know exactly what you are talking about. Sorry about that.

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rlm said:

A big sale almost always requires:

1. patience
2. the balls to reject some really nice offers first.

Already having the pantry stocked and the upcoming 6+ months of renewals already completed sure helps with both.

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Now let's see if they pay.

Congrats!