Los Angeles condo sells for $2,848...per square foot

Today's front page headliner of the LA Times is one for the books...

"The top two floors of a Century City residential tower still under construction have been sold for a record $47 million to Candy Spelling, the widow of TV mogul Aaron Spelling.

A $47-million price tag may seem like an enormous sum, but this is all about downshifting in the fast lane...

...At a time when headlines are focusing on plummeting home prices, foreclosures and bad loans, the sale highlighted the vast differences in the region's housing markets.

There are still wealthy buyers keeping the very top end in play -- often at even higher prices. The price of $2,848 per square foot paid by Spelling at the Century is a record for a Los Angeles condo. The old record of $2,700 was set in February -- at the same building."

For full story, click the above link.

Have a great week!

Best regards,

Jillian