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The Silicon Valley housing market is so dire, these run-down or condemned homes sold for over $1 million

Business Insider Logo By Katie Canales of Business Insider | Slide 1 of 8: Scanning San Francisco real estate listings on sites like Redfin and Zillow, you'll find many a property that has been condemned by the city, deemed uninhabitable by inspectors, and/or in need of so much TLC that tearing it down and starting from scratch is a must. Some of those properties go for $1 million or more. The housing market in San Francisco is so dire that neither sellers nor buyers seem to mind, though: The median price of a house in San Francisco has  climbed to $1.61 million, while its sister city of San Jose clocks in at a median price of a little over $1 million. This means that any Silicon Valley valued at around $1 million can seem like a steal. Take a look below to view some of the Silicon Valley property listings we found where properties were sold for around $1 million, basically by the virtue of the dirt they rest on.

Scanning San Francisco real estate listings on sites like Redfin and Zillow, you'll find many a property that has been condemned by the city, deemed uninhabitable by inspectors, and/or in need of so much TLC that tearing it down and starting from scratch is a must.

Some of those properties go for $1 million or more.

The housing market in San Francisco is so dire that neither sellers nor buyers seem to mind, though: The median price of a house in San Francisco has climbed to $1.61 million, while its sister city of San Jose clocks in at a median price of a little over $1 million. This means that any Silicon Valley valued at around $1 million can seem like a steal.

Click through the slideshow to view some of the Silicon Valley property listings we found where properties were sold for around $1 million, basically by the virtue of the dirt they rest on.

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