Buyers are very price sensitive right now. If buyers preceive a value, they are buying. Currently there are 163 single family homes for sale and 53 are in contract. Half of the pending houses are in the under $ 600,000 price range. Most of these homes are located in the Shoreview, Parkside and San Mateo Village area of San Mateo. But then again a home listed for $ 3.8Mio in San Mateo Park just sold on Friday and is due to close this week. People want a deal and if they find it, they will buy regardless of the price range.