Monday, June 17, 2013

The Most Expensive Home Styles in America

The style of a home can  have a major impact on its price, according to MarketWatch. A Mediterranean-style home sold in the U.S. costs an average of $1.32 million, while a ranch-style home costs less than a fifth of that. Real estate site Trulia provided 24/7 Wall St. with data on the price and popularity of different home styles for which the average price listed by Trulia was greater than $650,000.

8. Queen Anne

Average asking price: $655,658

Most popular: 1880s and 1890s

A Queen Anne style home is one of several different types of Victorian houses, so-called because they were built during the Victorian era in the second half of the 19th century, according to Better Homes and Gardens.

7. Craftsman

Average asking price: $689,216

Most popular: 1905 to 1920s

A craftsman is a style of bungalow, a type of house defined by its limited height and space-efficient layout that is frequently focused on a central living room. The popularity of the craftsman was established at the start of the 20th century, according to Realtor Magazine. The publication describes craftsman homes as featuring wide front porches and roof edges (called eaves) that hang over the building.

6. Art Deco

Average asking price: $783,589

Most popular: 1920s and 1930s

The origin of the Art Deco home style can be traced back to the 1925 Paris Exhibition Internationale des Arts Decoratif. Art Deco structures include geometric patterns and tend to be taller than they are wide, according to Realtor Magazine, and often feature “flat roofs, metal window casements, and smooth stucco walls with rectangular cutouts.” Many of New York City’s most well-known structures, including the Chrysler Building, are designed as Art Deco constructions. Miami is also a major location for Art Deco style buildings.

5. Brownstone

Average asking price: $831,036

Most popular: mid-1800s to 1940s

A brownstone is an urban, brick row house, often featuring a brown limestone facade. In particular, brownstones are associated with New York City, and especially Brooklyn, at left. The abundance of brownstones in the city, one of the nation’s most expensive housing markets, drives up the price for the style. DeSimone noted that “you don’t see brownstones in Kansas.” But according to an October 2012 New York Times report, construction of authentic brownstone buildings may be all but over, even in New York.

4. Penthouse

Average asking price: $1,082,448

While a penthouse is typically the top floor of an apartment building, most apartments on the top floor are called the penthouse. The penthouse is intended to convey the sense that it is exclusive, luxurious and often offers views that other apartments in the building do not.

3. Georgian

Average asking price: $1,181,197

Most popular: 1700s

Georgian style homes are named after the four British kings that ruled when the style was first popular during the early seventeenth to mid-eighteenth century. The style, which emphasizes symmetry, a square shape, and windows surrounding the home’s front door, became popular in New England in the 1700s. As a result, the majority of these properties are still located on the East Coast of the United States.

2. Mediterranean

Average asking price: $1,315,177

Most popular: 1920s and 1930s

Mediterranean homes became popular in the 1920s and 1930s. These homes frequently feature red tile roofs, arches and white stucco outside walls, and they are often oriented around a courtyard. These homes are most common in the Florida and the Southwest, especially in California, where the climate is ideal for the open style. The style is often called Spanish or Spanish eclectic. However, homes that are referred to as “Mediterranean” command a higher listing price. Mediterranean homes were listed on the market for an average of $1,315,177—nearly twice the average listed amount for Spanish-style homes.

1. Classical

Average asking price: $1,845,624

Most popular: 1700s through 1800s

Classical homes include a number of different, distinct styles. The first of these is symmetrical Georgian style, which was used in the American colonies as early as the 1700s. By the 1790s, the Federal style, which is also considered Classical, incorporated arched windows and decorative details as well as Georgian symmetry. Later into the 19th century, the Greek Revival style became popular. This architectural style emphasized massive porches at the front of the house as well as narrower, rectangular windows.

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