The value of water-related amenities in an arid city: The case of the Phoenix metropolitan area

► Water-related amenities are reflected in hedonic property models for the greater Phoenix metropolitan region. ► Parcel and nearby vegetation abundance correlated positively with house prices. ► Submarkets display variable combinations of environmental attributes that are significant in relation to house prices. ► Proximity to small parks is generally not revealed as an amenity, but proximity to large parks is highly desirable.