Why is the SE CE 24 so cheap?

It's one of the best bargains in the market...crossing my fingers for some kind of 22 fret version maybe with a hardtail?? Til then I'm diggin my SAS!
Are you comparing it to an SE Custom 24 or core Custom 24?

An SE Custom 24 is about $150 more than a SE CE 24...

My guess is, more time and material into the paint on the neck.