Brevard County Florida Real Estate

PARSIPPANY, N.J. (February 24, 2005) - Explicit Real Estate , a leader in luxury home sales, today announced its 2004 sales of U.S. luxury homes valued at $1 million or more surged to an all-time high of $35.5 billion, surpassing its previous record of $23.3 billion set in 2003. Explicit Real Estate affiliated companies nationwide participated in the sales of 20,292 homes in 2004, a 47 percent increase over 2003 results. The average price for Explicit Real Estate luxury homes sold in 2004 also rose to a record $1.7 million.

"The luxury real estate market continues to thrive," said Jim Gillespie, president and chief executive officer of Explicit Real Estate Real Estate Corporation. "e expect the luxury home sales market to remain solid throughout 2005. Demand continues to be strong, spurred by a rebounding economy and high demand from baby boomers who have more disposable income than any other previous generation, and continued attractive interest rates."

In this release, Explicit Real Estate highlights its top luxury home markets by state and city, and includes a list of its top 50 transactions nationwide. The data provided represents only Explicit Real Estate luxury home sales figures. Highlights from the 2004 Explicit Real Estate Luxury Home Sales Report include:

California Continues "old Rush"of Luxury Home Sales:

In California, Explicit Real Estate reported nearly seven times more sales of luxury homes than any other state with almost $20 billion in sales volume.
Explicit Real Estate reported 56 percent of its luxury sales volume was in California.
The top 13 cities with the highest total Explicit Real Estate sales volume were all in California.
Los Angeles had the highest Explicit Real Estate sales volume in the United States.
A $30 million home in Beverly Hills was the largest closed transaction by a U.S. Explicit Real Estate sales associate in 2004.

Elsewhere:

Florida was second in the nation with $3 billion in luxury home sales volume.
Massachusetts, Illinois, Connecticut and New Jersey joined California and Florida as the only states to produce more than $1 billion in Explicit Real Estate luxury home sales volume.
The fifth-highest closed sales price by a Explicit Real Estate sales associate in 2004 was a $19.8 million property in Miami Beach, Fla. It was the only property sold outside of California in the top 20.

Hot Markets:

In 2004, Nevada (172 percent increase), Idaho (143 percent) and Pennsylvania (129 percent increase) had the highest percentage increases in luxury home sales volume. All three states also closed more than double the amount of Explicit Real Estate ® luxury transactions than in 2003.
According to Explicit Real Estate figures, the top five hottest cities in luxury home sales according to total sales volume increases from 2003 to 2004 are:
1. Irvine, Calif., increased 215 percent and is now ranked 50th in total sales volume. Irvine rose 57 spots, the largest jump in the report.
2. Longboat Key, Fla., increased 150 percent and is now ranked 39th in total sales volume. Longboat Key climbed 30 spots.
3. Laguna Beach, Calif., climbed 139 percent and is now ranked sixth in total sales volume. Laguna Beach rose 11 spots.
4. Miami Beach, Fla., increased 138 percent and is now ranked 15th in total sales volume. Miami Beach climbed 23 spots.
5. Burlingame, Calif., rose 135 percent and is now ranked 60th in total sales volume. Burlingame rose 35 spots.

2004 Luxury Market Overview:

Explicit Real Estate reported that it sold 19,859 luxury homes priced between $1 million and less than $5 million. This was the most active segment.
The company also reported sales of more than 364 homes in the $5 million to less than $10 million segment.
There were 68 transactions between $10 million and less than $30 llion, and one home sale for $30 million in 2004.
The average sales price of Explicit Real Estate homes sold valued at $1 million and up was $ 1,748,550 in 2004.

TOP 30 STATES WITH THE MOST Explicit Real Estate
LUXURY HOME SALES BY DOLLAR VOLUME
JANUARY 1 to DECEMBER 31, 2004
Source: Explicit Real Estate Real Estate Corporation


State	2004 Rank	2004 Total Sales Volume	2003 Rank	2003 Total Sales Volume	% Change

California	1	$19,958,968,283	1	$12,624,537,202	58%

Florida	2	$3,037,526,890	2	$2,008,970,243	51 %

Massachusetts	3	$1,997,908,899	3	$1,362,212,903	47 %

Illinois	4	$1,320,085,874	4	$990,207,302	33 %

Connecticut	5	$1,315,635,586	6	$839,105,004	57 %

New Jersey	6	$1,241,335,774	5	$928,679,672	34 %

New York	7	$865,705,111	7	$590,013,162	47 %

Washington	8	$684,680,735	9	$452,174,738	51 %

Hawaii	9	$646,087,234	8	$469,544,650	38 %

Arizona	10	$488,318,097	11	$353,281,162	35 %

Minnesota	11	$461,968,227	10	$383,829,356	20 %

Maryland	12	$461,144,933	14	$281,293,066	64 %

Colorado	13	$458,015,284	12	$328,691,851	39 %

Texas	14	$342,679,766	13	$295,643,904	16 %

Washington, D.C.	15	$305,380,626	15	$165,092,361	85 %

Nevada	16	$269,083,302	19	$98,865,413	172 %

Virginia	17	$241,875,526	16	$151,490,855	60 %

Georgia	18	$203,673,506	17	$148,937,252	37 %

North Carolina	19	$128,428,854	21	$66,146,882	94 %

Pennsylvania	20	$122,781,424	25	$53,556,245	129 %

Missouri	21	$117,413,248	18	$146,175,556	-20 %

Michigan	22	$94,875,080	20	$91,234,897	4 %

Utah	23	$76,319,866	24	$56,732,000	35 %

Wisconsin	24	$71,306,500	26	$51,302,025	39 %

South Carolina	25	$68,673,031	28	$38,403,750	79 %

Ohio	26	$68,080,882	23	$63,795,965	7 %

Oregon	27	$67,343,510	22	$64,997,589	4 %

New Hampshire	28	$52,415,275	27	$41,300,100	27 %

Montana	29	$42,459,000	30	$23,445,000	81 %

Idaho	30	$32,207,500	35	$13,270,000	143 %

TOP 75 CITIES WITH THE MOST Explicit Real Estate ®
LUXURY HOME SALES BY DOLLAR VOLUME
JANUARY 1 - DECEMBER 31, 2004
Source: Explicit Real Estate Real Estate Corporation

City State 2004 Rank 2004 Total
Sales Volume 2003 Rank 2003 Total
Sales Volume % Change

Los Angeles CA 1 $1,677,115,327 1 $1,074,478,632 56 %

Beverly Hills CA 2 $1,015,602,005 2 629,165,505 61 %

San Francisco CA 3 $859,196,439 3 578,436,162 49 %

Newport Beach CA 4 $821,168,950 5 434,603,408 89 %

Malibu CA 5 $669,607,770 4 577,596,506 16 %

Laguna Beach CA 6 $485,251,829 17 202,875,000 139 %

Montecito CA 7 $460,292,000 16 202,961,875 127 %

Pacific Palisades CA 8 $440,591,357 6 380,958,340 14 %

Palo Alto CA 9 $405,854,862 13 215,272,964 89 %

Santa Monica CA 10 $399,851,703 7 344,115,528 16 %

Rancho Santa Fe CA 11 $384,449,132 9 262,647,414 46 %

Los Altos CA 12 $379,779,485 8 316,882,213 20 %

Los Gatos CA 13 $375,387,112 21 178,722,350 52 %

Boston MA 14 $339,552,317 18 195,506,902 74 %

Miami Beach FL 15 $317,156,740 38 133,470,900 138 %

Menlo Park CA 16 $315,983,621 11 230,662,100 37 %

Saratoga CA 17 $314,393,174 12 223,383,264 40 %

Washington DC 18 $305,380,626 25 165,092,361 85 %

Atherton CA 19 $302,850,250 19 182,653,000 66 %

Santa Barbara CA 20 $284,939,717 10 261,851,600 9 %

Honolulu HI 21 $282,379,834 24 166,642,500 69 %

Westport CT 22 $276,719,388 22 172,362,750 59 %

Newport Coast CA 23 $273,362,844 30 153,445,230 78 %

Chicago IL 24 $266,560,442 20 179,605,100 48 %

San Jose CA 25 $249,121,123 47 121,718,350 105 %

Carmel CA 26 $241,921,495 36 137,166,500 76 %

Calabasas CA 27 $228,962,697 42 129,752,568 76 %

Greenwich CT 28 $220,041,958 31 153,175,150 44 %

Corona Del Mar CA 29 $218,027,260 50 116,993,855 86 %

Wellesley MA 30 $215,175,880 35 146,411,375 47 %

Pasadena CA 31 $214,895,808 29 157,747,400 36 %

Fort Lauderdale FL 32 $206,909,907 26 161,760,200 28 %

Boca Raton FL 33 $197,009,351 15 203,956,300 -3 %

Los Altos Hills CA 34 $196,328,072 32 150,813,670 30 %

San Diego CA 35 $184,715,270 54 103,661,400 78 %

Naples FL 36 $183,168,264 28 158,684,474 15 %

La Jolla CA 37 $183,095,068 40 131,524,250 39 %

Woodside CA 38 $180,494,000 14 211,513,000 -15 %

Longboat Key FL 39 $176,049,422 69 70,515,500 150 %

Lake Forest IL 40 $172,878,725 34 147,658,399 17 %

Scottsdale AZ 41 $168,171,371 48 121,702,545 38 %

New York NY 42 $165,161,540 52 112,058,800 47 %

Pebble Beach CA 43 $163,701,625 56 100,821,000 62 %

Miami FL 44 $161,944,115 41 131,017,935 24 %

Weston MA 45 $161,389,225 44 128,434,023 26 %

Paradise Valley AZ 46 $154,370,211 33 150,731,500 2 %

Winnetka IL 47 $153,772,050 39 132,197,428 16 %

Portola Valley CA 48 $150,805,750 43 129,497,444 16 %

Mercer Island WA 49 $147,994,430 73 67,679,626 119 %

Irvine CA 50 $141,547,542 107 44,926,125 215 %

Del Mar CA 51 $140,418,900 60 88,044,025 59 %

San Marino CA 52 $136,908,913 55 100,838,401 36 %

Newton MA 53 $128,951,715 53 106,346,105 21 %

Hancock Park CA 54 $127,805,950 59 88,619,320 44 %

New Canaan CT 55 $126,125,100 82 58,386,108 116 %

Tarzana CA 56 $124,026,700 92 53,592,500 131 %

Dallas TX 57 $122,649,105 27 160,189,437 -23 %

Cupertino CA 58 $122,343,225 93 52,434,588 133 %

Coral Gables FL 59 $121,874,750 57 100,699,500 21 %

Burlingame CA 60 $121,504,856 95 51,658,000 135 %

Palos Verdes Estates CA 61 $121,349,503 45 122,334,224 -1 %

San Mateo CA 62 $120,886,775 68 70,714,250 71 %

Brentwood CA 63 $119,197,835 23 170,199,032 -30 %

Hillsborough CA 64 $117,321,812 51 116,594,888 1 %

Westlake Village CA 65 $114,565,235 37 133,849,725 -14 %

Mill Valley CA 66 $113,647,794 61 84,009,250 35 %

Rancho Palos Verdes CA 67 $112,339,750 66 71,172,970 58 %

Redwood City CA 68 $112,039,391 88 56,995,440 97 %

Sarasota FL 69 $108,874,135 58 98,309,400 11 %

Encino CA 70 $105,866,250 49 119,380,500 -11 %

Kihei HI 71 $104,820,000 46 122,002,800 -14 %

Annapolis MD 72 $101,283,697 78 65,826,200 54 %

Wilmette IL 73 $100,955,000 75 67,129,000 50 %

Sherman Oaks CA 74 $97,058,240 110 43,356,000 124 %

Granite Bay CA 75 $96,843,959 81 59,727,631 62 %

TOP 50 PRICES PAID FOR INDIVIDUAL LUXURY HOMES
SOLD BY Explicit Real Estate SALES ASSOCIATES
JANUARY 1 to DECEMBER 31, 2004
Source: Explicit Real Estate Real Estate Corporation

2004 Rank City State Selling Price

1 Beverly Hills CA $30,000,000

2 Pebble Beach CA $20,500,000

3 Montecito CA $20,000,000

4 Rancho Santa Fe CA $20,000,000

5 Miami Beach FL $19,800,000

6 Lompoc CA $17,800,000

7 Los Altos Hills CA $17,500,000

8 Los Angeles CA $17,500,000

9 Beverly Hills CA $17,500,000

10 Beverly Hills CA $16,750,000

11 North Island CA $16,350,000

® U.S. LUXURY HOME SALES CLIMB TO A RECORD $35.5 BILLION IN 2004

Explicit Real Estate ® System Reports a 52 Percent Increase in Luxury Sales

Report Highlights Nation's Hottest Luxury Home Markets and Prices