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David Banks

David Banks
Real Estate Agent (Broker)
Portland ME

Broker (ME: BR204562)

42 years experience

REALTOR® 26 Active Listings Serves Cumberland County, ME
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Contact Information

Brokerage
Re Max By The Bay

Office Website
Office Address
281 Veranda St
Portland, ME  04103
(Cumberland County)
Office Phone
207-773-2345
Office Fax
207-773-2525
Mobile
207-773-2345
Email
dban**@**************.com
Show Email for $5

Service Areas

Yarmouth: ME Cumberland Center: ME Cumberland: ME Pownal: ME South Freeport: ME Freeport: ME Windham: ME North Windham: ME South Windham: ME Scarborough: ME Littlejohn Island: ME Cousins Island: ME Portland: ME Falmouth Foreside: ME Falmouth: ME Cape Elizabeth: ME Pond Cove: ME Cumberland Foreside: ME

About David Banks

With a remarkable sales record exceeding $1.7 billion, David Banks and his team have established themselves as a leading force in the real estate industry, consistently ranking among the top teams nationwide within RE/MAX. For 18 consecutive years, David has held the title of the top real estate agent in Maine, achieving sales volumes that are three to four times greater than those of his nearest competitors. In 2019, the team reached an unprecedented milestone, surpassing $185 million in sales volume—a significant achievement in the Maine real estate market.

In 1994, David founded RE/MAX By The Bay with the vision of creating an agency dedicated to delivering an exceptional client experience. The firm quickly attracted some of the highest-performing agents in Maine and New Hampshire. After more than two decades of leading a successful brokerage, David sold a portion of his company in 2015 to trusted colleagues, allowing him to concentrate on his passion: meeting the buying and selling needs of his clients.

David and his team are recognized for their deep understanding of the Greater Portland real estate market and their commitment to providing outstanding service and results. Their approach combines effective client connections, innovative marketing strategies, and transaction expertise, all grounded in a strong ethical framework.

Licensed since 1984, David was born in Massachusetts and raised in Cumberland, Maine. He began his professional journey at Shaw’s Supermarkets, where he spent 20 years, including the last eight in commercial real estate. David and his wife, Donna, have raised three adult children in Falmouth and remain actively involved in their community and various charitable initiatives.

Cumberland County, ME Real Estate Market Analysis (Single Family Homes)

$792,416
Avg. Listing Price
From David's portfolio
3.3 / 2.4
Avg. Beds/Baths
Typical property size
2,171 sf
Avg. Square Footage
Interior living space
566
Active Listings
Current inventory

Cumberland County's real estate market stands as Maine's economic powerhouse, encompassing the state's largest city, Portland, and stretching from coastal communities to inland suburban enclaves. This diverse market serves as the commercial and residential hub for southern Maine, attracting buyers from across New England who seek Maine's quality of life without sacrificing urban amenities. The county's proximity to both Boston and the White Mountains creates unique market pressures that distinguish it from typical rural Maine real estate patterns.

With 2,504 total actively licensed agents operating throughout the county, Cumberland County maintains one of the most robust real estate professional networks in northern New England. Remarkably, all 2,504 agents maintain email contact information, reflecting the market's technological sophistication and professional standards. This high level of digital connectivity enables rapid market communication and transaction coordination across the county's varied geographic regions.

Major Cumberland County, Maine Real Estate Markets

Portland dominates the county's real estate landscape, with its revitalized downtown, thriving food scene, and waterfront properties commanding premium prices. The Old Port district and Eastern Waterfront have transformed from industrial zones into highly sought-after residential and mixed-use developments. Beyond Portland, wealthy coastal communities like Cape Elizabeth, Falmouth, and Yarmouth offer some of Maine's most expensive residential properties, while Freeport leverages its outlet shopping fame to maintain steady tourism-driven real estate demand.

Inland communities such as Windham, Gorham, and Standish provide more affordable suburban alternatives, attracting families and commuters who work in Portland but prefer rural settings. These towns have experienced significant residential development as Portland's housing costs have risen. Meanwhile, smaller coastal towns like Cumberland and North Yarmouth offer exclusive, low-density residential markets that appeal to high-income buyers seeking privacy and natural beauty.

Market Dynamics and Geographic Complexity

Cumberland County's real estate market exhibits surprising seasonal volatility, with summer months driving coastal property values while inland markets remain more stable year-round. The county's economy, anchored by healthcare, technology, and tourism, creates diverse buyer demographics ranging from young professionals to wealthy retirees. Maine's lack of state sales tax and relatively low property taxes compared to Massachusetts attract out-of-state buyers, particularly from the Greater Boston area.

Geographic constraints significantly influence market dynamics, as much of the county's eastern border consists of protected coastline and islands, limiting developable land. This scarcity drives competition for available properties, particularly those with water access or views. The county's western regions offer more development opportunities but face infrastructure challenges and longer commutes to employment centers, creating distinct micro-markets within the broader county economy.

Why Businesses Need Cumberland County, Maine Agent Contact Data

Real estate service providers, from mortgage lenders to home improvement contractors, require comprehensive agent contact data to effectively penetrate Cumberland County's lucrative market. With all 2,504 licensed agents maintaining email addresses, businesses can implement targeted digital marketing campaigns that reach the entire professional network. This complete coverage is particularly valuable for financial services, insurance providers, and technology companies seeking to establish relationships with agents handling high-value coastal transactions.

Property management companies, staging services, and specialty contractors benefit enormously from direct agent access, as Cumberland County's diverse market requires specialized expertise for different property types and price points. The county's mix of historic properties, new construction, and luxury coastal homes creates opportunities for businesses that can effectively communicate their specialized services to the right agent segments through targeted email marketing campaigns.

Current Property Listings

As of 2/17/2026, David Banks has 26 properties for sale in Portland and surrounding areas. These are the top 10 listings.

$8,000,000

Listed 2025-10-03

1 Channel Rd
South Portland, ME  04106

Beds: 3.0
Baths: 4.5
Sq Ft: 6,505
Lot: 25,265 sf
Single Family Map
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$1,995,000

Listed 2026-02-02

1275 Sawyer Rd
Cape Elizabeth, ME  04107

Beds: 4.0
Baths: 2.5
Sq Ft: 4,736
Lot: 152,460 sf
Single Family Map
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$3,495,000

Listed 2026-01-29

2 Drew Rd
South Portland, ME  04106

Beds: 3.0
Baths: 2.0
Sq Ft: 2,148
Lot: 8,712 sf
Single Family Map
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$1,795,000

Listed 2025-10-10

263 Foreside Rd
Falmouth, ME  04105

Beds:
Baths: 3.5
Sq Ft: 3,462
Lot: 39,640 sf
Multi Family Map
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$2,495,000

Listed 2026-01-21

87 Woodville Rd
Falmouth, ME  04105

Beds: 5.0
Baths: 6.5
Sq Ft: 7,619
Lot: 258,311 sf
Single Family Map
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$575,000

Listed 2026-01-07

6 Eastern Ave
Falmouth, ME  04105

Beds:
Baths:
Sq Ft:
Lot: 100,188 sf
Land Map
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$595,000

Listed 2025-08-06

Harvard St Unit A
Portland, ME  04103

Beds: 3.0
Baths: 2.5
Sq Ft: 1,530
Condos Map
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$549,000

Listed 2025-10-30

867 Congress St
Portland, ME  04102

Beds:
Baths:
Sq Ft:
Lot: 2,178 sf
Land Map
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$2,950,000

Listed 2026-01-06

547 Congress St Ph 6
Portland, ME  04101

Beds: 2.0
Baths: 2.5
Sq Ft: 2,370
Condos Map
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$749,900

Listed 2026-02-06

67 Brandy Ln
Portland, ME  04103

Beds: 3.0
Baths: 2.5
Sq Ft: 2,479
Lot: 6,098 sf
Single Family Map
View Full Details

Current Property Rentals

David Banks currently has no rental properties available in Portland and surrounding areas. Check back later.