I'll try not to let myself get too excited quite yet

A: How’s it looking?
B: Good. You got six out of the eight votes.
A: I’ll try not to let myself get too excited quite yet.
B: That’s smart. Looking forward to working with you.

Question: Is “quite yet” a common phrase?

Thank you!!!

Yes, it is common. For example:
-Is dinner ready?
-Not quite yet! (meaning it is almost ready, it is on the verge of being ready).

From the dialogue you provided, I am guessing the speaker probably won the vote, but there is still a slight chance he didn’t. There is the expression “don’t count your chickens before they’ve hatched”. He wants to be absolutely sure before he celebrates.

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Yes that’s pretty common. It can be replaced by “just yet” which to me actually sounds more natural but both are fine.

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Yep it’s fairly common. Like Hellion said, it can be substituted by “just yet”. They.'re about equally common.

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No, it is not common, but it is not particularly obscure either.
I’ll try not to let myself get too excited yet. = I’ll try not to let myself get too excited quite yet.
In this case adding “quite” may add an element of drama, of caution, of feigned shrewdness. hat same element can be added through tone and intonation, without using the word “quite”.