There's a long list of recommended fantasy books on the Horn Book blog today, ranging from picture books and primary to fiction for intermediate and older readers (all published within the last several years). Here are some of my favorites from each category, most of which I meant to review when they first came out!
The Boy in the Garden by Allen Say (Houghton Mifflin, 2010). A beautiful garden, a bronze statue, a Japanese folktale come to life. I'm always interested in Allen Say's work, and this is particularly lovely. I couldn't remember having seen any other picture books by Say since this one, but it looks like The Favorite Daughter (Arthur A. Levine) just came out on May 28; maybe I will review that one!
Earwig and the Witch by Diana Wynne Jones (Greenwillow, 2012). A great introduction to DWJ and a Baba Yaga story to boot. Ordinarily I love Paul Zelinsky's illustrations, too, but these are a little creepy. Maybe that's why we preferred the audio.
I love middle grade, but apart from A Cabinet of Earths by Anne Nesbet (HarperCollins, 2012; how have I not written about Cabinet here? I've already read the sequel, A Box of Gargoyles), I'm not too excited about the books on this list. Sage Blackwood's Jinx is on it, at least.
Perhaps I've aged into this category. I loved everything about Seraphina by Rachel Hartman (Random House, 2012), and there are quite a few others here I also enjoyed. Not to mention one I'm reading right now: A Corner of White by Jaclyn Moriarty (Levine/Scholastic, 2013). Review to follow, really.