Reasonable price. I paid around $650 last year and it was like a new gun.
Some of the European posters on other boards have mentioned that there will be another batch of these available in the next year or two due to switches in firearms by several agencies across the pond. What the price will be is anyone's guess.
Still, at $700 it is a good deal. $725 is about as high as I would go on one with a plum colored slide. If the slide is black and the front sights aren't cracked at the base(a common problem with these refurbs) I would go $800.