This bass is listed at $249 today at Guitar Center's website. More evidence that it pays to do your homework!
http://cgi.ebay.com/Gretsch-G2202-Electromatic-Jr-Jet-Bass-Guitar-122162-/250620326324?cmd=ViewItem&pt=Guitar&hash=item3a5a22b1b4
But... but... it's discounted 10%! Think of the savings! ;)
I've occasionally seen these for $199 new at GC on sale. Maybe he thinks these have now acquired vintage value.