The Real Deal Miami

Miami Beach luxury market going strong

February 01, 2012 09:45AM

Led by a $60 million listing on Indian Creek, the Miami Beach high-end luxury market is performing well, with ever-dwindling inventory — and increasing prices. “As the inventory has gone down, the prices have absolutely increased,” Realtor Danny Hertzberg of the Jills, which has the Indian Creek listing, told CNBC in the video above. “We’re seeing a very different trend in the high-end luxury market, particularly in Miami Beach.” [CNBC]