We have just learned that the Los Angeles Times’ celebrity real estate columnist Ruth Ryon, who launched the “Hot Property” column in 1984 and who pioneered the celebrity real estate gossip format that all of the rest of us – which includes Big Time Listings, the Real Estalker, the New York Observer’s “Manhattan Transfers” column, the New York Post’s “Gimme Shelter” column, Newsday’s “Rich Cribs” column, the Wall Street Journal’s “Private Properties” column, and many others – have followed, is leaving the paper. The LA Observed blog today is reporting that a list of editorial staffers who have applied for buyouts from the Los Angeles Times includes the name of Ryon, 63. However, this does not just yet necessarily mean that we won’t ever again see Ryon’s name in the paper after a few weeks from now. The reason? We don’t know yet whether the paper will accept Ryon’s buyout application (although given her age and tenure, we’d assume that they would – plus, LA Observed helpfully reminds us that the paper’s publisher has said previously that all who want to leave will be permitted to do so). And, even if the Times does accept her buyout application, Ryon might be asked to continue penning the popular “Hot Property” column – which is often scooped by those of us in cyberspace – on a free-lance basis. We will keep you posted as we learn more.