I have a problem with this sentiment. A crime is a crime. Just how big does it have to be for the police to take notice? So a few hundred dollars is not 'worth' it? If that idea was true, then why enforce traffic laws? But most people with warrants are caught in traffic stops, that's why.
The bigger question is why are the police not at least doing an initial knock on the door as this several hundred dollars worth of stuff from one person could add up to 5,000 worth of stolen goods when they make a visit? It could be the gateway to a much larger operation?