The tides of architectural taste are turning. Neo-Mediterranean-style houses—with their stuccoed facades and red tile roofs—reached a zenith in the 1990s (though Britney Spears continued to like ‘em well into the 2010s). But much like the Mediterranean diet, the popularity of vaguely Tuscan-style villas is fast becoming a thing of the past, according to a new analysis from Realtor.com.
Researchers looked at price changes for the most popular architectural styles in the U.S. and found that while Mediterranean homes continue to garner the highest median listing price of any other style—$750,000—those prices were the same as they were in 2012, even while the overall market jumped 25 percent.
The price of modern-style homes, on the other hand, increased by a whopping 37.4 percent over the same period. It’s not all that surprising, given the trend toward minimalism and smaller, less decorated spaces.
"The relative lack of appreciation of Mediterranean homes likely results from pent-up demand for newer and more versatile styles," Realtor.com’s Javier Vivas told The Wall Street Journal. "These other styles have attracted more eyes and fiercer competition, particularly since the recovery."