I bought in 2014. Small ranch in a newer far NW subdivision. I am satisfied with the “build” quality but someone needs to tell them that the small ranches are going to be used by retired folk that have four seasons of clothing that they want to keep when they travel to relatives and the closets need to hold something. The prices are still moderate but not the giant bargains of 2007-2010. I don’t much care if the prices come back to the 2003 - 2007 range because I am going to be in this until I die or go to the “home” in 20 years — I didn’t buy with resale in mind.
Like you say, you can buy a 2800 two story for less than a 2000 foot ranch. We seniors don’t want to pay utilities on those bigger boxes but we do want space.
I think the lots are platted so small because half the houses have pools and they will all need the wall enclosures due to that. One neighbor from California use their garage for evening parties as is more a custom out there but we hate it. It is only one house on the block that does this however. A lot of homes were bought up by hedge funds looking to park money — there are lots of rental houses in good shape in Phoenix where people bought when the market went in the toilet and they rent them until they retire and come out here.
I have one younger couple that bought a three car garage model like mine, had the builder put a solid wall and window where the garage door would be and they have a 240 SF walk in closet.
Conversely, I love living here. (17 years in total) and I have, pretty much, hated every house I have had here--mostly. LOL.
Tis the price of sunshine-which I need to stay sane.