“This month in carmel valley you can get a well upgraded 3000+ sq ft home on a 6000 to 7000 sq ft lot for 900K.”
I believe that’s a tad hyperbolic, but there are a couple examples of motivated sellers getting only a bit more than 900k for homes that almost fit the above description. Of course, motivated sellers seem to be the only ones closing deals these days. And in another few months the above may be the norm. Heck, in a couple years, you might need a 4500sf mansion with a pool to fetch 900k.