I had the same question almost a year ago... here's the answers I got: http://www.subaru-svx.net/forum/show...ght=water+pump
In short, that price is about right for a dealership. I was happy when my cost dropped to that from over $2000! 
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Shane
92 SVX - Sold
98 BMW M3 Sedan
89 Honda CRX Si w/B16 swap
91 Honda CRX Si
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