The city is the site of the eighth of 21 California missions, Mission Santa Clara de Asís, and was named after the mission. The Mission and Mission Gardens are located on the grounds of Santa Clara University. The above picture is taken out side of the Santa Clara Univervisty.

What is the current Real Estate market in Santa Clara Calif ?

If we compare from November 2008 to November 2009, you will find some interesting changes: 

1). The home inventory has gone down from last year’s 199 to this year 97.  The numbers of sold homes has gone up from last year`s  32 to 34 this year. 

2.) The average Santa Clara home sales price is higher. In November 2009 sales price is $673,430 vs last November’s  $621,636 The median sales of  November 2009 is $638,000 which is a increase from last November’s $598,750. 

3.) Last November took average 67 days to sell a home however this year will need 29 days to sell a home. 

This real estate trend is the same as last month. In the November of 2009 there are 66% less home inventory and 6.3% more the Santa Clara homes get sold.  The average Santa Clara sales price rose 8.3% and the Santa Clara median price homes increased 6.6% from last November to this November.  The above data information came from the www.reil.com.