Just for comparison purposes, I bought beautiful, and beautiful sounding 019 Martin parlour guitar about 3 years ago for $1K. US from a local music store. I had to sell a lot of stuff I loved to get it but have never regretted it.

If I'd waited I might have been able to find something comparable for a little less, but in a rural area, maybe not...and I've had the pleasure of playing it for the past 3 years.