Miami Luxury Homes - Why Don't They Sell?

Luxury homes in the hundreds, line the greater Miami Beach community, which stretches from South Beach (1st and Ocean Drive) all the way through Bal Harbour (96th through 102nd St.), and is one of the nicest areas in all of South Florida; the real estate in this area is very desirable. So why aren’t luxury homes selling? Is it the economy? It is partially the economy, but homeowners, as well as