Personally I'd say yes if I wanted one but realize I prefer DAO handguns of any make over their DA/SA counterparts - a lot of people don't (for whatever reason). Also, the # mags will make a difference as will your reasons for wanting it, overall condition and like you stated, your state's goofy laws and their effects on prices. I'd want it to be pretty minty for that price. I think the 3rd Edition SCSW indicates MSRP on those was $900+ in 2001ish.
If you're looking for a sweet 9mm to use and enjoy go for it, if you think you'll be able to flip it then I don't think you'll get out of it what you'd have into it.
I would try to find out how long the shop's had it too. There was one dealer near me who'd practically sell DAOs for what they cost him because he simply couldn't move them at any kind of profit due to what I mentioned before, most folks seem to prefer DA/SA. Keeping how long they've had it and the fact DAOs just aren't popular in mind, they might work on the price if they can get rid of it.