Google Webmasters -> Dashboard

When viewing the dashboard for one of my sites, there is a list of top search queries and a position next to it.

If I search for that query, my site is not at the position… or even close to what it says.

The site is relevantly new, what does this mean?

Does this mean in time, my site will be at or around that rank? Does it also act as a sort of ‘upcoming’ position?

Please shed some light on this as I am confused.

The top search queries I believe are how often people find your site on the following phrases.

This does not equate to your pages rank on the google search.

Top search queries just give you a quick idea of how people most often find your site.