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Reasonable is depending on income and your stress level.
Here is a video on wat the job entails. Keep in mind that torque specs, and amount of book time he had to do before the job. And do remember this is very edited. This job will not take 6 minutes to do. More like a few hours.
Research part price and time the shop charges. Some shops will use after market, some will just use OEM.
$700 is over the top for me, but thats the usual going rate for a dealership.

Video link.
http://youtu.be/ltzbqpEhC-0
 

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