That was the asking price on the one I acquired 2 years ago. I actually got it in trade for a case of XM193 ammo that I had about $425.00 in.
They are nice trainers for the .357 SP101. Not tackdrivers, but acceptibly accurate.
Here's an example target from 25 yds.
23 of 24 rounds on the plate. Double action, free handed.
.22LR with it's larger caliber bretheren: