We just got back and we didn't notice a shortage of lobster. I stuffed myself on it. As for prices, I can't say, but the best place and most reasonable was at Papi's Diner on the north end of town. (Near the hand ferry) A lobster dinner which included TWO tails, with baked potato and steamed fresh veggies was $32 BZ or $16 US. The most reasonable we found. Other places had it for as much as $45 BZ. A bit pricey. It was sure delicious. Papi's also has the BEST pina coladas on the island. Belize it!