Saturday night I went to New York to visit my son and we went to the Mets -Nationals game.  I flew into Laguardia which is only a couple miles from the new CitiField. 

There were tickets for sale everywhere.  He told me we needed to wait until the game started because we could get a better price on tickets.

We waited until the game started and bought very good field level tickets for a greatly reduced price. 

I got to thinking about how the Mets – Nationals game equates to a slow real estate market.

In this situation, you had two of the worst teams in the National League at the end of their season – neither team is going anywhere.  The game was going to have no effect on the playoffs.  It was a beautiful Saturday afternoon and there was 1,000 things people in New York City wanted to do – and believe it or not, most of them did not want to go to a baseball game.

The reason we got such good tickets at such a good price was because of supply and demand.  There were a lot more tickets available than people going to the game.  This reminds me a lot of the Hilton Head Island real estate market.  The reason prices are down is because there are a lot more sellers than buyers.  Most people understand that when it concerns sporting events, but they don’t see that this is the way it works with real estate as well.

Nobody is going to pay face value for tickets in this scenario.  The only way you can sell a ticket is to let someone have it at a REAL DEAL.  This is true in real estate.

Stay tuned for tomorrow’s blog – it is about tickets to the Jets – Patriots game.