Using the "point" leads to the creation of a folder named "point" (on Ubuntu 16).
tar -tf site1.bz2 -C /var/www/site1/ .
I dealt with this in more detail and prepared an example. Multi-line recording, plus an exception.
tar -tf site1.bz2\
-C /var/www/site1/ style.css\
-C /var/www/site1/ index.html\
-C /var/www/site1/ page2.html\
-C /var/www/site1/ page3.html\
--exclude=images/*.zip\
-C /var/www/site1/ images/
-C /var/www/site1/ subdir/
/