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Defining the top of the market: $150 million

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Candy Spelling, widow of producer Aaron Spelling, has listed her Holmby Hills estate for $150 million, reports The Times’ L.A. Now blog. From the Associated Press story:

The widow of producer Aaron Spelling is placing ‘The Manor’ in the exclusive Holmby Hills neighborhood on the market for a jaw-dropping $150 million, making it by far the most expensive home for sale in the U.S.The French chateau-style mansion has 56,500 square feet of space on more than 4.6 acres and is the largest home in Los Angeles County.

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Interesting market to be setting the benchmark for the high end. A check of Realtor.com shows the next most expensive listing in the 90049 ZIP Code at $65 million -- for 11,000 square feet of living space.

Wonder how many years this will take to sell.

-- Lauren Beale

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