As some of my colleagues have already answered, the price is ultimately determined by you (the buyer) and what the seller is willing to accept. Although the property is priced "in line" with other homes in the area, the buyer is free to offer ANY price that they see fit. Obviously, there are several factors which will determine what the seller will accept (principal balance on mortgage, closing costs, time on market, condition of market, etc.)
Give me a call, I would love to provide you with some aditional information about this home. In fact, I have a lot of information about several other homes in the area that aren't "officially" on the market, but the owners would love to sell.
Check out this home: http://www.postlets.com/res/240361
Weeks Realty, Inc.
Cell (850) 380-0571