Partly due to the 18 sales that closed in 2010 (the same # as in 2009) which represent 7% of the total units in the building, when compared to the overall downtown condo marketplace The Carlyle has fared better than the rest.
Downtown The Carlyle
# of Sales 508 18
Distressed Sales as % of total sales 19.5% 11% (2)
Average Days on Market 160 166
Change in Value from 2006 to 2010* -10.3% -5%*
(*From most recent sales, most of which were purchased directly from the developer at time of development offering in 2006 through 2008.)
For Carlyle units to fare 50% better than the rest of the market is a remarkable feat. The stellar amenities and the wonderful upkeep of the building have made the Carlyle a premier downtown address.
Point of reference - Between 2006 and 2010, the value of all homes sold “traditionally” (not a short sale or foreclosure) in the 13-county metro area dropped an average of only 10.7%. Meanwhile, when combining all traditional home sales with all foreclosures and short sales, the value of homes dropped an average of 26.1%.
Currently, there are 11 units actively for sale. Interestingly enough, all the units are 2 bedroom 2 bath units. This includes a unique unit with incredible outdoor space that leaves you feeling like you are living at a Four Seasons resort.