Candy Spelling Downsizing to a $47 Million Condo

Candy Spelling, widow of TV producer Aaron Spelling (Charlie's Angeles, Love Boat, Beverly Hills 90210, etc) has listed her 56,500 square foot mansion and is "downsizing" to a 16,500 square foot condo in L.A. that she bought for $47 million.

This is part of a new wave of luxury condo properties in L.A.  After traditionally favoring yards and houses, rich Californians are starting to copy New Yorkers so they can avoid traffic and sprawl.

She paid $2,848 per square foot for her condo, which is a record in L.A. but a bargain in New York City.