I've seen $10 bf for Cherry here in San Diego.

I started building some outdoor furniture out of all heart clear
redwood. A simple little bench is costing $350 in raw redwood lumber
alone.

I really believe we are being ripped on retail pricing. One could go
to a mass merchant and by a redwood bench with the same amount of
redwood for $99. It means that volume manufacturers are paying WAY
less than we that are buying retail.