We study the area preserving Willmore flow in an asymptotic region of an asymptotically flat manifold which is C 3 −close to Schwarzschild. It was shown by Lamm, Metzger and Schulze that such an end is foliated by spheres of Willmore type, see [LMS11]. In this paper, we prove that the leaves of this foliation are stable under small area preserving W 2,2 −perturbations with respect to the area preserving Willmore flow. This implies, in particular, that the leaves are strict local area preserving maximizers of the Hawking mass with respect to the W 2,2 −topology.