Willow Glen under $1M???

Is the seven figure home the new entry level for buyers? Latest reports show that 57% of homes in San Francisco and Silicon Valley are $1M and over. Land is so expensive that new homes are more in the mid to high level rather than starters. Truthfully, we have been seeing those prices rising like crazy, but are beginning to see a more balanced market. Perhaps not price wise, but with inventory higher and buyers being more selective, even the most desirable and well-priced homes may sit for a few weeks rather than being swallowed up within days with multiple offers. I see this as a much healthier market overall.
This little home in Willow Glen is a great example. 3 bedrooms 1 1/2 baths with much of the original charm and move in ready. Perfect for first time buyers or downsizers because of the location walking distance to library, shops, restaurants, parks, etc. And, all on one level. Nice yard with outdoor kitchen for entertaining, extra storage and work space and two car garage. Offered at $895,000, it is still possible to find these gems, but they are few and far between.