For that price, you get a condo. A small one.

From today’s San Jose Mercury:

There are signs that the meteoric rise in Silicon Valley housing prices may be slowing — but you wouldn’t know it from the home sales numbers released Wednesday.

The median price of a single-family resale home in Santa Clara County reached a record $714,000 in August, up 2 percent from July and 21 percent from a year earlier.

It’s not going to be pretty, is it?