How much money is required to buy a house in the Bay Area?

Here are some stats on my current financial position: <br><br>* Age: 32<br>* Cash, money in accounts: $150,000<br>* 401(k) and other retirement accounts: $150,000<br>* 2% equity in a company (company does $100,000,000 in revenue)<br>* No debt, no car loan, no credit card debt.<br>* Work in tech. Annual income: $500,000 after tax.<br>* Expect to stay in this house for at least the next 15 years<br>* Expect to have a kid in the next year, so a home with 3+ bedrooms is required<br><br>Considering that information, how much money could you buy a house for it the Bay Area? Considering that you need to put 20% down, that you will have mortgage insurance as you wont have enough certs, I think the answer is about 1,250,000, but I would love peoples opinions on this.