Your neck of the woods isn't known for low prices on anything, so maybe that's the going rate in the Bay Area, but the only way to know is to shop around.
I paid a little more than that, but I've been told I should have haggled.
I got mine for $7488 + $644.97 Vehicle Tax + $79.50 Title, Registration, and Bank Lien Release Fee for a total of $8211.47.
I've read of some people getting theirs for under $7000, but haven't seen the actual figures. And they weren't on the West Coast.
The Burgman 650 doesn't have ABS (other than the Executive model sold in Europe/Asia) nor combined front/rear brakes like the Hondas and the Burgman 400; but I don't think you'll have any trouble with them. ABS hasn't been around all that long, and lots of people have ridden bikes in San Francisco, Seattle, etc. for years.
With the rear brakes on the left grip and the front brakes on the right grip I feel like I have very good brake control/feel. Because of the centrifugal clutch you do need to keep a little power on when going down steep hills at low speed, which can be counter intuitive. Otherwise you'll start to freewheel and, to avoid accelerating, you'll have to use too much brake without benefit of the engine braking effect.
But you should get used to it quickly. I did.
In the last month I've ridden in the Olympic and Cascade mountains, and 5 of Seattle's 7 hills -- no problemo. 8)