Walnut Creek is an affluent city in Contra Costa County, California, United States, located 16 miles (26 km) east of the city of Oakland in the East Bay region of the San Francisco Bay Area. Although not as large as neighboring Concord, Walnut Creek serves as a hub for the neighboring cities within central Contra Costa County, due in part to its location at the junction of the highways from Sacramento and San Jose (I-680) and San Francisco/Oakland (SR-24), as well as its accessibility by BART. The city's total estimated population, as of 2011, is 65,211. Companies based in Walnut Creek include Carollo Engineers, Central Garden & Pet (makers of AvoDerm, Amdro, Kaytee, among others), American Reprographics Company, and the PMI Group. Walnut Creek is the headquarters of the Pac-12 Conference. It is predicted that home values in Walnut Creek will increase 4.6% next year. Foreclosures will be a factor impacting home values in the next several years. In Walnut Creek, CA, the number of foreclosures waiting to be sold is 74.3% lower than the national average. This lower local number may cause home values in Walnut Creek, CA to increase quicker than other cities.
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