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I also believe its really depends on the buyer.
I can speak for my self...i can buy sites for much more that what people list here, if i see the right potential.
I will give an example:
I have traffic in some micro niche, and i know i can make sells, other guy, can open a great site in the same niche, but has no traffic and make very little, let's say, only 100$ a month.
Here everybody say, he will sell it for 600- 1200$ max, but in my case, i willing to pay much much more, as i know i can make with it much more than he can.
So, it's all about potential for the buyer.
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