Walnut experienced a steady period of growth beginning in the mid-20th century and has in recent years initiated several major quality of life projects, resulting in its gradual transformation from a quiet suburb to a bustling city. Walnut Creek today enjoys the status of a vibrant shopping and cultural hub serving the communities east of San Francisco.
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With a population of about 97,000 residents, Walnut Creek has become more of the upper scale neighborhoods of Contra Costa County. Residents in Walnut Creek Real Estate have not seen the decline in the real estate market as many other cities in California. The value of homes has stayed very steady throughout the market between the years 2000 to the present.
Mean household income is about $80,000 with an employment base of retail, professional, and educational. Median age is 36 years old with about 58% of families with children.
The real estate market consists of about 32,000 single family homes, town homes, and condos.
The area is characterized by a mediterranean climate with cool, moist winters and warm to hot dry summers. Average annual rainfall approximates 20 inches (510 mm), with slight variations occurring in microclimates based on elevation and topography. Winter daytime temperatures average in the mid 50s with little daily variation, while summer daytime temperatures average in the high 80s. 100 degree weather occurs numerous times during summer heatwaves, while occasional light frosts may occur during clear, calm winter nights. The climate allows for the successful cultivation of many plants and crops, being warm enough for citrus yet cold enough for apples.