Whether realist or not, there are children's books, YA books (shudder), and adult books. There are good and bad (or actually a multitude of gradations) of all three (although IMO a good YA book is a real rarity). Some children's books can be profitably read again (or for the first time) as adults. The Alice novels are a perfect example. Some adult novels appeal to children. A Christmas Carol comes to mind. I don't know that I think it is necessary to distinguish books by whether or not they have fairies or dragons.
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