That is a little steep for a clapped out 9M.
But, having said that, i find boat valuation on the west coast to be a little weird. boats worth nothing here are priced at top of market there, and boats that are like gold here are dirt cheap there.
I do like Catalacs as a liveaboard cat. Under $40K they are hard to beat.
How about this one?
It has been for sale for a year or more