It sounds like a deal to me- if I am reading/understanding right. I pay up to $9 a yard around here where we have a very low cost of living. And fabric overseas is more costly from what I hear. Go for it! Especially if you love it.
Also, I was just at Joann's two days ago and I looked for that teal/green scrolly fabric that you liked from my brown and teal quilt, but they did not have any.