For an LSA thats very expensive, it would be competing with planes costing half that.
Not quite, the most popular US LSA is the CTLS and it is about $175,000 list price by the time you add reasonable avionics, autopilot and avionics.
This one is more expensive, but not double the competition...:^) The #2 popular LSA (a 2 year old ranking) is the Carbon Cub which seems to be around $235,000 by the time is is equpped.
http://cubcrafters.com/carboncub/ss/configure