Yes. That is too much. My Brother bought a P-95 new for $250. Ruger pistols are fine but I would shell out $400 for a number of other pistols first. That Ruger wouldn't even be at the bottom of the list.
they are better then the 95's imo, the going rate for the 95's now are $299, the 89's retailed over $500 but usually sold for about $425 to $450.
The 89's are all steel and the 95's are poly. If I were to chose from a new 95 or a nice 89 like you pictured I would go with the 89, if weight is a concern go with the 95.