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Pending Los Angeles County home and condo sales dipped in June, raising questions over whether this is merely a seasonal slowdown or a signal that the market is beginning to normalize.

Los Angeles’ spring housing market got off to an early start in March with pending sales in both the single-family home and condominium segments posting double-digit annual gains.

The highest volume of pending condo sales was in the $300,000 to $599,000 range.

Priced out of the market for single-family homes, hordes of Los Angeles County homebuyers are turning their attention to condominiums in the $300,000 to $1 million range.

“Single-family and condo new signed contracts surged ahead of year-ago levels for the first time since the shutdown,” wrote Jonathan Miller.

Mike Leipart shares his experiences and insights on the fast-paced world of Los Angeles real estate.

The current pace for new development projects in LIC is the fastest in the country.

Seattle has become the Silicon Forest – second only, I suppose, to the Bay Area.