Thursday, September 15, 2016

Mediterranean-Style Homes Losing Appeal?

http://realtormag.realtor.org/daily-news/2016/09/12/mediterranean-style-homes-losing-appeal?om_rid=AADG2i&om_mid=_BX1xrWB9SgJ6yx&om_ntype=RMODaily

We have been seeing this trend for sometime, Mediterranean is out! We are seeing a lot of clean lines, whites, & grey!

Mediterranean-style homes are known for stucco walls, tumbled stone, and wrought-iron accents. Mediterranean-style homes have a median list price of $750,000—triple the amount of the median list price for homes of all other styles, according to a realtor.com® analysis. But since 2012, asking prices for the style have stayed flat while median home prices have increased 25 percent.

Notably, modern homes have seen the largest jump in median asking prices, surging 37 percent over four years.

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