The following chart represents the current concentration of Short Sales in Pending Sale Status versus Traditional Sales in Pending Sale Status for Walnut Creek, CA as of February 26th 2012. The percentage of pending short sales dropped dramatically from the January Report. The difference in the ratio of pending and active status is the additional time required to get short sales all the way through close of escrow. Every short sale is different and some take much longer than others.
Please keep in mind that this only reflects the market on the specific day quoted. Walnut Creek Short Sales can take time and may be represented over several months in this data while traditional sales close escrow in the 30-60 day range.