Why did Sandisk stop making the Clip+ when there's still demand for them?

The Clip series of mp3 players was changed to this new generation (Jam, Sport, Sport+) because the manufacturer of the processor chip (brain) discontinued the one SanDisk (& others) were using. The newer one is as they say, less “robust”, meaning fewer features & functionality as compared with the older one.

The reason the few Clip+'s are so expensive now is simply supply & demand. Many people are wanting them, but there are very few on the market. Most are used; very, very few are old (but unused)stock.