Market price is defined as the price a willing buyer will pay a willing seller. How bad do you want the canoe?
Why is it so shiny? That worries me a little.
The boat probably has a lot of life left in it. If you just gotta have a Tripper, that one is a lot cheaper than a new one. OTOH, when that seller bought the Tripper, it cost less than $1000. I usually figure my used boats should go somewhere around 50% to 70% of what I paid for them, but I'm also not out to make money.
I feel most sellers over value their boats.
If you monitor the market for a while you can get a feel for what the boats are going for. Then adjust up or down for the condition of the boat.
That's a lot of typing to say very little. If it is a mistake to pay $700, it's not a big mistake.
Sorry to not be more specific,
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