Some good deals are to be had, but....

So I am in the market for buying a SFR, but I am OK waiting for the market to decline. However, I am seeing on redfin that some good deals are to be had in Irvine and Yorba Linda where the price per square foot is about $250 for a newish house. That to me, is the golden number, but of course, lower is better. However, even though that is the magic number for me, I am priced out of the homes because of sheer size of the house. Newer homes are generally much bigger than the homes manufactured in the 70s/80s/90s and thus even though the price per square foot is cheap, the cost of the house exceeds $700K whereas I am looking to buy a $500k max house. I hope that they can make newer SFR homes smaller.
 
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